North Korean-linked actors used newly created memecoins to launder funds stolen in the Binance hack, blockchain analytics firm Elliptic said. According to Elliptic, five of the six token creators were funded with proceeds from earlier token sales between two and 13 minutes before their next launch, creating a chain of transactions. The same method was reportedly used after the $1.5 billion Bybit hack in 2025, when at least $24 million was moved through a newly created token on the TRON blockchain. At the time of the analysis, 11.8 million NEAR stolen in the Binance hack remained unmoved, representing $43.7 million in value.
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