Crypto security: North Korean laundering, Elysium/FOMO pool warnings, Bubblemaps probe
Elliptic says North Korean launderers moved Binance-hack funds through memecoins on NEAR. Traders warn FOMO is routing Elysium tokens through malicious pools, and Bubblemaps alleges a trader extracted $1.7M via side wallets.
What we know
An account on X cites Elliptic: ~117K NEAR (~$430K) went through at least 6 tokens launched Nov 5-7 and were dumped. Another account on X warns FOMO is routing Elysium chain tokens through malicious or illiquid pools, days after Elysium mainnet went live. Another account on X alleges Cupsey extracted $1.7M through side wallets.
How the story developed
Elliptic says North Korean launderers moved Binance-hack funds through memecoins on NEAR. Traders warn FOMO is routing Elysium tokens through malicious pools, and Bubblemaps alleges a trader extracted $1.7M via side wallets.
South Korea says AI investment stays strong, while a Lam Research leak could cost it around ₩1T in damages to Samsung.
Taiwan's benchmark rose over 6% on stabilization measures, with TSMC up 6% and KOSPI up 2%, even as China reportedly rehearsed a Taiwan blockade.
BTC flushed through 75K, HYPE and memecoins are deeply down, and Morgan Stanley flags a record tech momentum crash, while Asian equities rebound.
Anthropic reportedly signed a $3.4bn gas power deal for data centres while UK refuses to slow AI and South Korea boosts AI spending. Hartnett argues the blue wave marked 'Peak AI'.
AI infrastructure costs, circular financing and bailout talk are feeding the macro narrative. Meanwhile, South Korea is pledging more AI investment and NVDA bulls are eyeing lower entry zones.
Binance named Justin Yek CFO as Kaiser Ng leaves, while Solana CT argues over alleged cabal activity around Ansem-linked coins.
A Nasdaq 100 drop of 6.4% triggered crashes across Asia: Nikkei -6.2% into a bear market, KOSPI -8-9% with a circuit breaker, Taiwan -6%, SoftBank -14%. TMT funds are flat YTD and NVDA has erased its 2026 gains.
Bitcoin is bouncing after the Binance hack-driven dip. Analysts call a bottom, Strategy's STRC reached $100, and the FT reports Democrats may expand a Strategic Bitcoin Reserve.
A large PONS/ETH whale withdrawal, a 40x BTC short, South Korea's proposed crypto tax delay, and Zcash activity stood out.
Compiled with AI by the Global Eye 24 desk from public posts across 7 of our monitored source feeds, and updated each hour while the story develops. Spot an error? Write to corrections@globaleye24.com.