Elliptic Traces $430,000 in Stolen Binance Funds Through NEAR Meme Coins

Six new meme coins on NEAR Protocol routed about 117,000 units of its native token, NEAR, stolen in the Binance hack through liquidity pools, adding steps to the tracing process. Elliptic linked the operation to North Korean actors. It estimated that about 117,000 NEAR passed through the six tokens. At current prices, that amount was worth about $430,000. The tokens — FUK, OLCCL, MEILI, MMLI, DABI and SINU — launched between Nov. 5 and Nov. 7. Each was paired with NEAR in its own liquidity pool. Wallets funded with stolen NEAR bought the tokens through the pools. A separate group of wallets then sold them to receive NEAR, avoiding direct transfers between the two groups.

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