North Korea is minting meme coins to launder the Binance hack | Elliptic

North Korean cryptocurrency launderers are creating worthless meme tokens to move stolen funds through decentralized exchange liquidity pools, obscuring the direct trail between wallets. Researchers found this technique used on Tron, Solana, and NEAR following the Bybit and Binance heists, involving small amounts intended to slow down on-chain investigators. Compliance teams are advised not to treat funds arriving from liquidity pools as clean by default, particularly when newly created tokens are involved. Open article →