SecurityFan score 3 · Tier D2 sources
Binance Hackers Made Memecoins to Launder Stolen Crypto
Bloomberg Technology · By Emily Nicolle ·
The Brief · written from 2 sources
- Hackers who stole $6.3 billion from Binance Holdings Ltd. created at least six memecoins on the NEAR blockchain network.
- Elliptic says the memecoins were used to launder about $430,000 of stolen funds.
- Bloomberg reports the memecoins are one way the hackers are laundering a slice of the proceeds.
Why it matters
It shows attackers using quickly created memecoins on NEAR to move stolen funds, so exchanges and blockchain analytics teams may need to watch new token launches for laundering activity.
Who’s affected
- Exchange and blockchain security teams
- NEAR blockchain users
The hackers who stole $6.3 billion from Binance Holdings Ltd. in crypto’s biggest ever heist have turned to one of the sector’s most gimmicky assets to launder a slice of the proceeds: memecoins.
Timeline
Elliptic reports six memecoins on NEAR used to launder about $430,000 of stolen Binance funds
Bloomberg Technology
Binance Hackers Made Memecoins to Launder Stolen Crypto
Techmeme
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)