North Korea Uses NEAR Meme Tokens to Launder Binance Hack Funds

North Korea-linked attackers are using newly created meme tokens and decentralised exchange (DEX) liquidity pools to move cryptocurrency stolen in the $6.4 billion Binance hack, according to blockchain analytics firm Elliptic. Between November 5 and 7, the operation routed approximately 117,000 NEAR, worth around $430,000, through at least six tokens created specifically for the activity. The technique adds complexity to transaction tracing without removing the funds’ on-chain history. In its November 9 investigation , Elliptic identified six meme tokens created between November 5 and 7: FUK, OLCCL, MEILI, MMLI, DABI and SINU. Each token was paired with NEAR in a separate liquidity pool, allowing the attackers to exchange stolen NEAR for newly issued tokens and later convert those tokens back into NEAR through other wallets.

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