Binance Hack Launderers Mint Elon Musk and Animal Meme Coins to Move Stolen Crypto
Summary
Attackers behind the recent Binance exploit are utilizing custom cryptocurrency tokens featuring cartoon animals and Elon Musk imagery to obscure their tracks. According to blockchain analytics firm Elliptic, the stolen digital assets are being routed through decentralized liquidity pools using these newly minted, valueless coins to evade detection.
Elliptic says the hackers are minting their own worthless tokens—complete with cartoon animal and Elon Musk logos—and routing stolen funds through liquidity pools to break the trail.
Source: Read the full story at Decrypt
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