defi ·
North Korean hackers use six memecoins to launder 117,000 NEAR from $6.3 billion Binance hack
According to Elliptic, North Korean cyber actors are employing custom-created memecoins as a means to obscure the proceeds from a massive $6.3 billion breach of the Binance exchange.
These actors utilized six self-developed memecoins to move 117,000 NEAR tokens, which held an approximate value of $430,000, derived from the aforementioned Binance incident.
This deployment of novel token structures for illicit financial maneuvers underscores the evolving sophistication of actors targeting decentralized finance infrastructure. Market participants and institutions must remain cognizant of these emergent obfuscation techniques as they interact with established protocols.
Earlier coverage
- Binance hack highlights need for UK stablecoin freeze rules for coin listings Nov 9
- Solana to launch first tokenized stock venue, listing Galaxy, Exodus, Forward Industries in early 2027 Nov 9
- Coinbase, Robinhood, Circle expand into stablecoins, payments, prediction markets amid earnings volatility Nov 6
