A post by @WuBlockchain on X.
Elliptic: North Korean Hackers Create Meme Tokens on NEAR to Launder Binance Hack Funds
@WuBlockchain on X
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North Korean hackers linked to the $6.4 billion Binance hack are creating meme tokens on the NEAR blockchain and routing funds through decentralized exchange liquidity pools to launder stolen assets, according to blockchain analytics firm Elliptic. The technique blends illicit proceeds into trading activity, making the money harder to trace than simple transfers. It matters because the Binance hack remains one of crypto's largest thefts, and the tactic shows how DEX liquidity pools can obscure the origin of funds. Watch for further NEAR-based token launches tied to the hackers and for whether other chains see similar laundering patterns.
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Named in this story
North Korean hackers, Elliptic, Binance, NEAR (NEAR), Wu Blockchain
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