Crypto

North Korean hackers create memecoins to launder funds from Binance hack: Elliptic

Summary

North Korean hackers have launched multiple new memecoins to launder stolen assets stemming from a Binance security breach. According to blockchain analysis by Elliptic, the perpetrators utilized liquidity pools on the NEAR network to obscure the movement of illicit funds between digital wallets.

The blockchain firm traced stolen funds through six new tokens on NEAR, where hackers used liquidity pools to obscure transfers between wallets.

Source: Read the full story at Cointelegraph.com News

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