Crypto: Binance Hackers Launder $430K Through Memecoins

The hackers responsible for the Binance hack use their own memecoins to launder some of the stolen cryptocurrencies. According to Elliptic, six tokens launched on NEAR between November 5 and 7 facilitated the transit of approximately $430,000. Crypto transactions remain visible on the blockchain, but tracing them becomes more complex.

In brief

Binance hack: six memecoins created on NEAR

On October 29, 2026, hackers emptied Binance hot wallets. The crypto exchange estimates the impact at around 6.3 billion dollars. On October 31, the FBI attributed the theft to TraderTraitor, a group linked to North Korea. Pyongyang denies the accusation.

In a report published on November 9, Elliptic describes this tactic. Six tokens were created on NEAR in three days. Their visuals feature notably a monkey, a duck, or a “Elon 2028” poster, with no established link to Elon Musk. Each creation cost about 25 NEAR, or 90 dollars.