Binance Heist Crew Employs Meme Coins to Launder Funds
By PYMNTS
AI summary of the source article
Hackers believed to have ties to North Korea have laundered roughly $430,000 of stolen cryptocurrency using memecoins following a heist at Binance, according to blockchain firm Elliptic. The laundered sum represents a fraction of the $6.3 billion stolen.
Key facts
- Hackers behind a Binance heist have laundered roughly $430,000 of stolen cryptocurrency using memecoins.
- A total of $6.3 billion in crypto was stolen in the heist.
- Blockchain firm Elliptic reported that the hackers are believed to have ties to North Korea.
Source excerpt · PYMNTS
The hackers behind last month’s historic heist at Binance are using memecoins to launder some of the proceeds. The hackers, believed to have ties to North Korea, have so far laundered roughly $430,000 of stolen crypto, a fraction of the $6.3 billion stolen, blockchain company Elliptic said in a blog post Monday (Nov. 9). “Most […] The post Binance Heist Crew Employs Meme Coins to Launder Funds app…