A post by @WatcherGuru on X.
JUST IN: North Korea is launching 'Elon Musk' crypto memecoins to launder $6.3 billion stolen from Binance.
@WatcherGuru on X
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North Korea is launching "Elon Musk"-branded crypto memecoins as a new vehicle to launder the $6.3 billion it has stolen from Binance, according to a Watcher.Guru report. The move extends Pyongyang's long-running practice of using digital assets to obscure traced funds, this time leaning on celebrity-themed tokens to blend illicit holdings into liquid markets. The $6.3 billion figure underscores the scale of the Binance-linked haul relative to the broader crypto market. It matters because memecoins' high turnover and retail-heavy flows can help break on-chain links faster than large-cap tokens. What to watch next: whether the new tokens gain enough liquidity and exchange listings to absorb the laundering volume, and whether on-chain analysts flag fresh wallet clusters tied to the launches.
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Named in this story
North Korea, Binance, Elon Musk, crypto memecoins