North Korea launders Binance funds with Elon Musk memecoin, report
ProtosJacob Lyon
North Korea-linked hackers who stole $6.4 billion from the world’s biggest crypto exchange Binance are reportedly laundering the stolen funds using TRON, Solana, and NEAR-based memecoins. Crypto security analysts at Elliptic claim to have linked around $430,000 worth of NEAR to the creation of six memecoins themed around various animals, including ducks and chimpanzees. One of these tokens promotes Elon Musk as the future 2028 president. Read more: How the Binance hack happened on-chain on Ethereum Once sold, the profit generated by the tokens is roughly equivalent to the amount of money that went in. Elliptic believes that the tokens were used for money laundering.
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