North Korean hackers create memecoins to launder funds from Binance hack: Elliptic

Bearish-15.88%

9 Nov, 20:26

Source: Cointelegraph

AI Summary

North Korean hackers utilized memecoins on NEAR Protocol to launder stolen funds from a recent Binance hack, raising security concerns for both the affected exchange and the underlying blockchain network.

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.