Gizmodo
North Korea Is Using Elon Musk-Themed Memecoins to Launder Crypto From the Binance Hack
North Korean hackers are using fake memecoins to launder funds stolen in the $6.3 billion Binance hack.
By Gizmodo
Excerpt shared by Lazyfounder
·Excerpt
After hacking Binance for $6.3 billion late last month, the North Korea-associated hacking group allegedly behind the theft, TraderTraitor, has been using a variety of methods to launder the stolen crypto. In a new report published Monday morning, blockchain analysis firm Elliptic laid out how one of the group’s latest tactics is to create memecoins and move illicit funds through them.
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