North Korean hackers enter the world of meme coins to launder money. The next meme coin you buy could be a way to launder billions of dollars in stolen funds.
North Korean hackers are suspected of using meme coins to cover the tracks of funds stolen in the Binance hack. According to blockchain analytics firm Elliptic, around $430,000 was moved through six meme coins. The coins were used in attempts to move the funds and hide their source.
The investigation links the activity to suspected North Korean hacking groups.
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