North Korean hackers are creating memecoins to wash loot from $6.3 billion Binance hack
16 outlets · first seen 1d ago · latest 3h ago
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CoinDeskfirst seen
North Korean hackers are creating memecoins to wash loot from $6.3 billion Binance hack
North Korean hackers used six homemade memecoins to launder 117,000 NEAR, worth about $430,000, from the $6.3 billion Binance hack, Elliptic says.
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crypto.news
Binance hack launderers use memecoins to move $430K, Elliptic says
North Korea-linked launderers have created throwaway memecoins to move roughly $430,000 from the $6.4 billion Binance hack through decentralized exchange pools, according to Elliptic. Elliptic, in a Nov. 9 report by Tom Robinson, said the operators minted FUK, OLCCL, MEILI,…
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Crypto Briefing
North Korean hackers used six meme coins to launder $430,000 in stolen NEAR, Elliptic says
The use of meme coins for laundering highlights the evolving complexity of crypto crime, challenging exchanges and regulators to enhance scrutiny. The post North Korean hackers used six meme coins to launder $430,000 in stolen NEAR, Elliptic says appeared first on Crypto Briefing.
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The Block
Binance hack launderers mint homemade Elon Musk, animal memecoins to move stolen funds: Elliptic
Elliptic says the extra swaps slow investigators down, but the stolen funds remain traceable onchain.
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Bloomberg Crypto
Binance Hackers Made Memecoins to Launder Stolen Crypto
The hackers who stole $6.3 billion from Binance Holdings Ltd. in crypto’s biggest ever heist have turned to one of the sector’s most gimmicky assets to launder a slice of the proceeds: memecoins.
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BeInCrypto
Binance Hack Update: North Korea Used Elon Musk’s Face to Launder Money
North Korea used an Elon Musk meme coin to launder Binance hack money, Elliptic says. See how the scheme works. The post Binance Hack Update: North Korea Used Elon Musk’s Face to Launder Money appeared first on BeInCrypto.
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U.Today
North Korean Hackers Flip Stolen Binance Funds Into NEAR Meme Coins
North Korea is using freshly minted NEAR meme coins to launder funds from the $6.4 billion Binance hack.
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Bitcoin Magazine
North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot
Bitcoin Magazine North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot Elliptic says North Korean launderers created six throwaway meme tokens on NEAR between Nov. 5 and 7, moving about $430,000 of stolen Binance funds through homemade liquidity pools. This post North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot first appeared…
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Protos
North Korea launders Binance funds with Elon Musk memecoin, report
North Korea-linked hackers behind $6.4B Binance theft are reportedly laundering stolen funds using TRON, Solana, and NEAR-based memecoins. The post North Korea launders Binance funds with Elon Musk memecoin, report appeared first on Protos.
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Unchained
North Korea Turns DIY Meme Coins Into a Laundering Pipe for Stolen Binance Crypto, Elliptic Says
Elliptic traced about 117,000 NEAR, roughly $430,000, through six tokens the launderers launched, a small slice of about $6.3 billion stolen from Binance. The post North Korea Turns DIY Meme Coins Into a Laundering Pipe for Stolen Binance Crypto, Elliptic Says appeared first on Unchained.
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Decrypt
Binance Hack Launderers Mint Elon Musk and Animal Meme Coins to Move Stolen Crypto
Elliptic says the hackers are minting their own worthless tokens—complete with cartoon animal and Elon Musk logos—and routing stolen funds through liquidity pools to break the trail.
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Cointelegraph
North Korean hackers create memecoins to launder funds from Binance hack: Elliptic
The blockchain firm traced stolen funds through six new tokens on NEAR, where hackers used liquidity pools to obscure transfers between wallets.
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Bitcoin News
North Korea’s $6.3B Binance Hack Takes a Strange Turn With Meme Coins
North Korean launderers have turned to disposable meme coins to disguise proceeds from Binance’s roughly $6.3 billion hack. Elliptic identified related tactics on three blockchains, adding cheap, repeatable obstacles to efforts to trace the stolen assets. Meme Coins Complicate the Binance Hack Trail North Korean launderers used meme coins and obscure tokens on Tron, Solana, […]
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The Daily Hodl
Elon Musk, Chimpanzees and “FUK”: North Korean Hackers Behind $6.4 Billion Binance Heist Mint Memecoins To Launder Funds: Elliptic
North Korean hackers behind last month’s record-setting $6.4 billion Binance heist are laundering stolen crypto assets through a variety of newly minted memecoins. The crypto analytics firm Elliptic notes in a new analysis that the hackers used the NEAR blockchain to mint six new memecoins, each paired with NEAR tokens in their own liquidity pool. […] The post Elon Musk,…
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Blockonomi
North Korean Hackers Used $90 Meme Coins to Launder Stolen Binance Crypto, Elliptic Says
TLDR North Korean launderers created six meme coins on NEAR for about $90 each. Roughly 117,000 NEAR, worth about $430,000, moved through the tokens from Nov. 5 to Nov. 7. Laundering wallets placed every sell order in all six tokens. About 11.8 million NEAR, worth $43.7 million, from the Binance hack has not moved yet. [...] The post North Korean…
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Cryptonews
North Korea Hackers Launches Elon Musk Memecoins to Launder $6.4B Binance Hack
North Korea memecoins featuring Elon Musk are helping launder funds from the $6.4B Binance hack. Here's what happens. The post North Korea Hackers Launches Elon Musk Memecoins to Launder $6.4B Binance Hack appeared first on Cryptonews.