🏛️ North Korean hackers use memecoins on $NEAR to launder $430,000 from Binance
📌 According to a report by Elliptic, the state-sponsored North Korean hacker group TraderTraitor deployed a sophisticated money-laundering method following the Binance attack. Instead of transferring funds directly between wallets, the group created worthless memecoins and moved funds through liquidity pools on decentralized exchanges (DEXs).
📌 Specifically, from November 5 to 7, the hackers created at least six memecoins on the NEAR network: FUK, OLCCL, MEILI, MMLI, DABI, and SINU. Each token cost only about 25 NEAR (equivalent to $90) to create. They then used wallets holding stolen funds to buy these tokens, and another group of wallets to sell them and withdraw legitimate assets, preventing the flow of funds from being directly linked.
💬 What do you think about these developments? Join the discussion!
#CryptoExchange #CryptoNews
🔗 Source: AMBCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 According to a report by Elliptic, the state-sponsored North Korean hacker group TraderTraitor deployed a sophisticated money-laundering method following the Binance attack. Instead of transferring funds directly between wallets, the group created worthless memecoins and moved funds through liquidity pools on decentralized exchanges (DEXs).
📌 Specifically, from November 5 to 7, the hackers created at least six memecoins on the NEAR network: FUK, OLCCL, MEILI, MMLI, DABI, and SINU. Each token cost only about 25 NEAR (equivalent to $90) to create. They then used wallets holding stolen funds to buy these tokens, and another group of wallets to sell them and withdraw legitimate assets, preventing the flow of funds from being directly linked.
💬 What do you think about these developments? Join the discussion!
#CryptoExchange #CryptoNews
🔗 Source: AMBCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).