3 publishers · first seen Tue, 03 Nov 2026 16:19 UTC · updated Tue, 10 Nov 2026 21:07 UTC
North Korean hackers used six newly created meme coins on the NEAR blockchain to launder approximately $430,000 of stolen NEAR from the $6.3 billion Binance hack, according to blockchain analytics firm Elliptic. The hackers created the tokens, including FUK, OLCCL, MEILI, MMLI, DABI, and SINU, to obscure the transfer of stolen funds through liquidity pools on decentralized exchanges. The tokens were used to swap stolen NEAR for the new meme coins and then sold back into the pools for NEAR, creating a buffer between the stolen and receiving wallets. Although the transactions are traceable on the blockchain, the method adds complexity for investigators. This technique is not new for North Korean hackers, who have used similar methods in previous hacks, including the $1.5 billion Bybit hack in 2025.
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