North Korea laundering Binance hack funds via memecoins; Mercado Bitcoin hack aftermath
Elliptic says North Korean hackers are using throwaway memecoins, including an 'Elon 2028 President' token, to launder proceeds from the $6.4B Binance hack. Separately, Brazil's Mercado Bitcoin restored limited access after a roughly $50M hack.
What we know
@TheBlockCo says about $430K in stolen NEAR has passed through six memecoins. An account on X says the memecoins are on NEAR and launder via DEX liquidity pools, and another account on X highlights the Elon token. Mercado Bitcoin froze more than 33% of stolen assets, but trading, deposits and withdrawals remain suspended.
How the story developed
Elliptic says North Korean hackers are using throwaway memecoins, including an 'Elon 2028 President' token, to launder proceeds from the $6.4B Binance hack. Separately, Brazil's Mercado Bitcoin restored limited access after a roughly $50M hack.
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A ~$6.3B Binance hack is dominating crypto and mainstream news. Trump says he's investigating, CZ pushed back against Elon Musk's FTX comparisons, and North Korea is being fingered as the likely culprit.
Sources
“North Korea's launderers are creating throwaway memecoins... to move funds stolen in Binance's $6.4 billion hack”
View post →“Mercado Bitcoin restored limited account access a week after a nearly $50 million hack”
View post →Compiled with AI by the Global Eye 24 desk from public posts across 8 of our monitored source feeds, and updated each hour while the story develops. Spot an error? Write to corrections@globaleye24.com.