Elliptic Reveals North Korean Hackers' New Money Laundering Tactics Using Meme Coins
Prefer us on Google
Blockchain analysis firm Elliptic has disclosed that North Korean hackers are using self-made meme coins to launder funds stolen from the Binance hacking incident. The hackers create worthless tokens with no trading activity, establish liquidity pools, and use different wallets to buy and sell, disguising the stolen funds as legitimate trading income. This method has appeared on the Tron, Solana, and NEAR networks, where the hackers created at least six meme coins, including FUK, OLCCL, MEILI, MMLI, DABI, and SINU, and established independent NEAR liquidity pools for each token. The hackers use a set of wallets to buy tokens with the stolen NEAR and then sell the tokens with another set of wallets to retrieve NEAR, cutting off direct transfer associations between different wallets. On-chain data shows that the wallets buying these six tokens were funded by stolen NEAR, totaling approximately 117,000 NEAR, worth about $430,000 at current prices. Elliptic emphasizes that these tokens have virtually no real market demand, and trading activity is mainly conducted by wallets within the money laundering network, aimed at delaying investigators' tracking speed by increasing the number of transaction steps.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Solana HODL Market Cap Surpasses $2.88 Million
Strategy Bitcoin Holdings Turn to Unrealized Loss, South Korea Clarifies Virtual Asset Enforcement Process
WEEX Exclusive: Bitcoin Falls for Five Consecutive Weeks, Berkshire Cash Hits New High, Focus on RKLB, CEG Earnings | WEEX Daily Market Brief (November 9, 2026)
Bitcoin and Ethereum spot ETFs saw net outflows last week. Analysts discuss cycle positioning. PEPE rebounded short-term. Nvidia was lower pre-market. Berkshire’s third-quarter cash holdings hit a new high. Anthropic plans to launch an IPO. November 9 focus is CEG and KKR pre-market, and OXY, RKLB and others after hours.
Bitcoin Falls for Five Consecutive Weeks, Berkshire Cash Hits New High, Focus on RKLB, CEG Earnings | WEEX Daily Market Brief (November 9, 2026)
Bitcoin and Ethereum spot ETFs saw net outflows last week. Analysts discuss cycle positioning. PEPE rebounded short-term. Nvidia was lower pre-market. Berkshire’s third-quarter cash holdings hit a new high. Anthropic plans to launch an IPO. November 9 focus is CEG and KKR pre-market, and OXY, RKLB and others after hours.
StockFi: Connecting U.S. Stock with the On-Chain Ecosystem to Reshape Asset Circulation
Cassius Cuvee on Market Euphoria, High Leverage, and How to Stay in the Game
Robinhood Chain Launches Stock Tokens, Aiming to Become the Preferred Public Chain in RWA and Meme Sectors
What Did Crypto Investors Get for Their $189 Million Bet?
NFTX Trading Platform Launches on AnubisChain
AnubisChain Partners with Thumb to Launch Meme Season Event
Pump.fun Co-founder Mentions Prediction Market, Hiring Business Development Personnel
Founder of SkyBridge Capital Claims CLARITY Bill Stalled, Binance Seeks to Recover Frozen Assets
Solana Labs' Leap Launches Mobile App for Tokenized Stocks and Crypto Trading
Base Launches Tokenized Stock Product Development Competition with a Total Prize of $100,000
Hunter Biden Discusses Meme Coin 'LAPTOP': Design for Transparency and Recommendations for the Democratic Party
WEEX Exclusive：Major Indexes Rise After Election Clarity, Oil Plunges| WEEX Daily Market(November 5, 2026)
Major Indexes Rise After Election Clarity, Oil Plunges| WEEX Daily Market(November 5, 2026)
At the November 4 close, all three major indexes rose. Risk assets rebounded after election clarity, but AI-related stocks broadly declined. Brent and WTI oil both fell more than 9% over 24 hours. Bitcoin briefly rose above $80,000, and the crypto market warmed across the board. TRUMP token plunged. November 5 focus is earnings from Moderna, Sony, ConocoPhillips and others.
Important News from Last Night and This Morning (November 4 - November 5)
Tech Stocks Rebound,ARM Earnings in Focus | WEEX Daily Market Brief (November 4, 2026)
At the November 3 close, equity indexes were mixed and divergent, while tech and semiconductors rebounded. Nvidia rose about 2.29%, with market cap returning above $5 trillion. AMD and Super Micro Computer surged after hours. Bitcoin is focused on the $76,000–$77,000 range. November 4 focus is pre-market earnings from Uber, McDonald’s and others, plus after-hours results from Arm, MercadoLibre and others.
Jesús de Miguel memecoins draw backlash after striker’s death
Jim Cramer and Bitcoin: A Misleading Signal?
Why Did 200 KOLs with a Total of 10 Million Followers Only Sell 280 NFTs?
Adam Back Points Out Market Will Reject Personal Views Imposed on Bitcoin
Bitcoin Falls to $77,000, Nasdaq Enters Technical Correction | WEEX Daily Market Brief (November 3, 2026)
Bitcoin has fallen for four consecutive weeks. The Nasdaq-100 entered a technical correction, with semiconductors and optical communications under pressure. Apple fell further after hours despite beating expectations, while Palantir posted strong results but declined after hours. Anthropic pre-market contracts fell. Oil fell more than 4% on negotiation signals. November 3 focus is earnings from AMD, Shopify and others.
WEEX Exclusive：Bitcoin Falls to $77,000, Nasdaq Enters Technical Correction | WEEX Daily Market Brief (November 3, 2026)
Trump Criticizes Cryptocurrency Market After Binance Hack
Hype Does Not Equal Moat: Solana's Wall Street Story Is Hard to Tell
Will Automated Trading by Agents and Profit-Making Lead to a Surge in On-Chain Economy?
Interview with SmartX Founder David: How Should Ordinary People Formulate Trading Survival Rules in the Era of AI Trading?
Federal Reserve Holds Rates; AMZN, MSTR Earnings in Focus | WEEX TradFi Daily (October 29, 2026)
All three major indexes closed higher on October 28. The Federal Reserve held its policy rate at 3.75%–4%. Bitcoin briefly rose above $81,000 before pulling back. Storage, optical communications and Neocloud stocks strengthened broadly, with SK Hynix up more than 10%. Google fell about 9%–10% after hours, while Microsoft rose about 4%. Investors will watch after-hours earnings from Amazon, Intel and others on October 29.
Solana HODL Market Cap Surpasses $2.88 Million
Strategy Bitcoin Holdings Turn to Unrealized Loss, South Korea Clarifies Virtual Asset Enforcement Process
WEEX Exclusive: Bitcoin Falls for Five Consecutive Weeks, Berkshire Cash Hits New High, Focus on RKLB, CEG Earnings | WEEX Daily Market Brief (November 9, 2026)
Bitcoin and Ethereum spot ETFs saw net outflows last week. Analysts discuss cycle positioning. PEPE rebounded short-term. Nvidia was lower pre-market. Berkshire’s third-quarter cash holdings hit a new high. Anthropic plans to launch an IPO. November 9 focus is CEG and KKR pre-market, and OXY, RKLB and others after hours.
Bitcoin Falls for Five Consecutive Weeks, Berkshire Cash Hits New High, Focus on RKLB, CEG Earnings | WEEX Daily Market Brief (November 9, 2026)
Bitcoin and Ethereum spot ETFs saw net outflows last week. Analysts discuss cycle positioning. PEPE rebounded short-term. Nvidia was lower pre-market. Berkshire’s third-quarter cash holdings hit a new high. Anthropic plans to launch an IPO. November 9 focus is CEG and KKR pre-market, and OXY, RKLB and others after hours.
StockFi: Connecting U.S. Stock with the On-Chain Ecosystem to Reshape Asset Circulation
Cassius Cuvee on Market Euphoria, High Leverage, and How to Stay in the Game
Latest articles
Latest coin listings on WEEX
