North Korean hackers reportedly used homemade memecoins to launder Binance hack proceeds

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According to blockchain analytics firm Elliptic, North Korean hackers used six self-created memecoins to launder about 117,000 NEAR tokens, worth roughly $430,000. The funds were linked to the $6.3 billion Binance hack. The laundering method involved converting stolen crypto assets into these tokens to obscure their origin. The report highlights how threat actors are exploiting memecoin markets to move illicit proceeds.

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