😈North Korean hackers launder stolen $6.3 billion through memecoins
The attackers created 6 memecoins and use fake trades on DeFi exchanges to disguise stolen cryptocurrency as trading profits.
The scheme is simple: one wallet buys a memecoin with stolen NEAR, while another sells it back into the same pool. As a result, the funds arrive at another address as supposed trading profits.
This method has already been used to move around $430,000 in NEAR.
Hackers used a similar method after the Bybit hack in 2025.
The attackers created 6 memecoins and use fake trades on DeFi exchanges to disguise stolen cryptocurrency as trading profits.
The scheme is simple: one wallet buys a memecoin with stolen NEAR, while another sells it back into the same pool. As a result, the funds arrive at another address as supposed trading profits.
This method has already been used to move around $430,000 in NEAR.
Hackers used a similar method after the Bybit hack in 2025.
