North Korean Hackers Create Memecoins to Launder Proceeds of $6.3 Billion Binance Hack

North Korean hackers linked to the $6.3 billion Binance theft allegedly created six memecoins to disguise stolen cryptocurrency as legitimate trading proceeds. According to blockchain analytics firm Elliptic, the attackers moved 117,000 NEAR tokens worth approximately $430,000 through these assets between November 5 and November 7. The hackers reportedly used separate wallets to buy and sell the tokens against NEAR, generating artificial trading activity. Elliptic said transactions involving all six memecoins had stopped by November 8.
Source: gadgets360-tech