Binance hack funds worth $430K traced through 6 NEAR memecoins – Report

The tremors of the Binance exploit are still being felt, as, according to a recent report by Elliptic, the North Korean hackers are using a new method to launder stolen cryptocurrency by creating their own worthless meme tokens. Instead of transferring stolen funds directly between wallets, they are routing them through decentralized exchange (DEX) liquidity pools. This is done to make it harder and more time-consuming for investigators to trace where the money goes. Details of the funds laundered This time, the hacker started by creating a new cryptocurrency token using publicly available token-launch platforms. Soon after that, they paired this token with a legitimate asset, such as Near Protocol [NEAR] or a stablecoin, in a liquidity pool on a DEX.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.