North Korean Hackers Flip Stolen Binance Funds Into NEAR Meme Coins
U.TodayGamza Khanzadaev
North Korea's TraderTraitor group has started laundering funds stolen from Binance through newly created meme tokens, according to Elliptic. The $6.4 billion Binance hack took place in October 2026 and was attributed to TraderTraitor. According to Elliptic, the hackers have used this technique on Tron and NEAR, while a similar approach has appeared on Solana. Between Nov. 5 and 7, 2026, the hackers launched at least six of these tokens on NEAR: FUK, OLCCL, MEILI, MMLI, DABI and SINU. Launching one cost around 25 NEAR (about $90). According to Elliptic, the hackers paired each token with NEAR in a liquidity pool on a decentralized exchange (DEX). Wallets holding stolen NEAR deposited it into the pool and received the new token.
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