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. These memecoins have familiar-sounding names like “FUK” and “SINU” and feature logos with chimpanzees, foxes and Elon Musk under an “Elon 2028 President” banner. The hackers moved stolen NEAR into one set of wallets, then used those funds to pay into different liquidity pools and receive the newly minted memecoins in return. A different set of wallets sold the memecoins back into the liquidity pools and withdrew real crypto assets.

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