$NEAR has a detail here worth noticing.
North Korean hackers created memecoins to launder cryptocurrency stolen in the $6.3 billion Binance hack, routing roughly $430,000 through six newly launched tokens on the NEAR blockchain, according to a report from blockchain analytics firm Elliptic. 5 and 7, the hackers created at least six tokens on NEAR and used liquidity pools on decentralized exchanges to move stolen funds between wallets, Elliptic said . Source: Elliptic Elliptic also found that five of the six token creators were funded with proceeds from earlier token sales just two to 13 minutes before the next launch, linking the tokens in a chain of transactions. “Instead, they layer many cheap techniques, each adding a little more delay.” Elliptic said the same laundering technique was also used following the $1.5 billion Bybit hack in 2025 , when North Korean-linked actors moved at least $24 million through a newly created token on the TRON blockchain. At the time of Elliptic’s analysis, about 11.8 million NEAR stolen in the Binance hack remained unmoved.
North Korean hackers created memecoins to launder cryptocurrency stolen in the $6.3 billion Binance hack, routing roughly $430,000 through six newly launched tokens on the NEAR blockchain, according to a report from blockchain analytics firm Elliptic. 5 and 7, the hackers created at least six tokens on NEAR and used liquidity pools on decentralized exchanges to move stolen funds between wallets, Elliptic said . Source: Elliptic Elliptic also found that five of the six token creators were funded with proceeds from earlier token sales just two to 13 minutes before the next launch, linking the tokens in a chain of transactions. “Instead, they layer many cheap techniques, each adding a little more delay.” Elliptic said the same laundering technique was also used following the $1.5 billion Bybit hack in 2025 , when North Korean-linked actors moved at least $24 million through a newly created token on the TRON blockchain. At the time of Elliptic’s analysis, about 11.8 million NEAR stolen in the Binance hack remained unmoved.