According to Elliptic, the TraderTraitor group, which was attributed to the $6.4 billion Binance hack in October 2026, is using newly created meme coins on NEAR to launder the stolen funds. Between November 5 and 7, 2026, the hackers launched at least six tokens, FUK, OLCCL, MEILI, MMLI, DABI and SINU, pairing each one with NEAR in a liquidity pool so the funds moved without a direct transfer between the wallets holding the stolen assets and the recipients. A total of 117,000 NEAR, worth about $421,000, flowed through the scheme before most of it was converted into stablecoins or sent through a cross-chain bridge. None of the six tokens traded after November 8, while about 11.8 million stolen NEAR, valued at roughly $42.4 million, had not moved. A similar method moved at least $24 million through Tron after the 2025 Bybit hack.
Source: Read the original article
