# After Binance, check what your signing systems can approve

Source: [The Trail of Bits Blog](https://blog.trailofbits.com/2026/11/06/after-binance-check-what-your-signing-systems-can-approve/) · 2026-11-06 · Security
Page: https://themorning.dev/story/after-binance-check-what-your-signing-systems-can-approve-eff432925562f8e4
Kind: security · Impact: high

## In brief

- Hackers who stole $6.3 billion from Binance Holdings Ltd. created at least six memecoins on the NEAR blockchain to launder about $430,000 of stolen funds, according to Elliptic.
- Bloomberg reports the hackers turned to memecoins to launder a slice of the proceeds from the heist.

## Why it matters

Memecoins on NEAR are being used to move stolen crypto, so developers building on NEAR or running exchange and token-monitoring tools may need to watch for similar token activity.

## Timeline

- 2026-11-09: Elliptic reports six memecoins on NEAR used to launder about $430,000 of stolen Binance funds

## Coverage

- [The DOJ says it got court authorization to seize or restrain $1.2B of the $2.7B frozen by Tether and Circle after North Korea's $6.3B Binance hack on October 29 (Myles Miller/Bloomberg)](https://www.techmeme.com/261112/p61#a261112p61) — Techmeme, 2026-11-12
- [Feds announce seizure of $1.2 billion from Binance theft; also takedown of ‘FaceStealer’ tools](https://therecord.media/stolen-binance-crypto-recovered-doj-facestealer-disrupted) — The Record from Recorded Future News, 2026-11-12
- [Binance says it has covered all of the $6.3B in cryptoassets stolen on October 29, using its profits and emergency funds to replace common and obscure tokens (Teresa Xie/Bloomberg)](https://www.techmeme.com/261112/p45#a261112p45) — Techmeme, 2026-11-12
- [Elliptic: hackers behind the $6.3B Binance heist created at least six memecoins on the NEAR blockchain network to launder about $430,000 of stolen funds (Emily Nicolle/Bloomberg)](https://www.techmeme.com/261109/p36#a261109p36) — Techmeme, 2026-11-09
- [Binance Hackers Made Memecoins to Launder Stolen Crypto](https://www.bloomberg.com/news/articles/2026-11-09/binance-hackers-made-memecoins-to-launder-stolen-crypto) — Bloomberg Technology, 2026-11-09
- [After Binance, check what your signing systems can approve](https://blog.trailofbits.com/2026/11/06/after-binance-check-what-your-signing-systems-can-approve/) — The Trail of Bits Blog, 2026-11-06
- [Blockaid: Binance hackers stole ~$2.5B, or 40% of the $6.3B haul, in a single Ethereum transaction using wallet permissions that cost just $15 to set up (Sidhartha Shukla/Bloomberg)](https://www.techmeme.com/261106/p5#a261106p5) — Techmeme, 2026-11-06

Tags: crypto, security, binance, near, money-laundering, memecoins

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Brief generated by AI (claude-haiku-5-5) from the reporting listed under Coverage. Headlines belong to their publishers. The Morning Dev – https://themorning.dev