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North Korean hackers tied to the $6 billion Binance crypto hack are now laundering stolen funds through memecoins, according to a Watcher.Guru report. The shift routes part of the largest exchange breach in crypto history through highly liquid, fast-moving tokens rather than only major assets like bitcoin or ether. Memecoins' thin order books and heavy retail turnover make them useful for obscuring transaction trails across wallets and exchanges. The disclosure matters because it links North Korea's state-linked theft operations to a corner of the market often dismissed as speculative. What to watch next is whether on-chain analysts flag more memecoin flows from wallets tied to the hack and whether exchanges tighten monitoring of these tokens.

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Named in this story

North Korea, Binance, memecoins