North Korean hackers are accused of using memecoins to launder the $6.3 billion stolen from Binance.
Six memecoins were created on the NEAR blockchain between November 5 and November 7, each paired with NEAR in its own liquidity pool, and the hackers allegedly used stolen NEAR tokens to buy and sell them, generating fake trading volume.
The North Korean TraderTraitor group is accused of the October 29 Binance theft, and the laundering scheme involved moving about 117,000 NEAR tokens worth roughly $430,000.