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Elliptic: North Koreans’ memecoins launder Binance hack funds

North Korean hackers routed roughly $430,000 stolen in the $6.4 billion Binance hack through at least six newly created memecoins on the NEAR blockchain, according to blockchain analytics firm Elliptic. Elliptic said the hackers launched the tokens between Nov. 5 and 7 and used exchange liquidity pools to move funds between wallets without direct transfers. The transactions remained traceable onchain, and the tokens drew almost no outside trading before being abandoned. At the time of Elliptic’s analysis, about 11.8 million stolen NEAR, valued by the firm at $43.7 million, had not moved.

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