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North Korean hackers use memecoins to launder Binance hack funds, says Elliptic

Market News
10 Nov 2026, 20:12 WIB
Cointelegraph
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Bearish
North Korean hackers use memecoins to launder Binance hack funds, says Elliptic

North Korean hackers have been creating memecoins as a method to launder money stolen from a recent Binance hack. According to blockchain analytics firm Elliptic, these memecoins help disguise the origin of the stolen funds, complicating efforts to track and recover them. This tactic highlights the evolving strategies cybercriminals use to exploit cryptocurrency platforms, raising concerns about security and regulatory measures. Authorities and exchanges may need to enhance monitoring to prevent similar laundering schemes in the future.

The story about North Korean hackers using memecoins to launder stolen funds provides context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 11, 2026 01:03 WIB: out of 50 major cryptocurrencies, 7 rose and 42 fell. Notable movers include CAKE (PancakeSwap) at Rp32.323 with a 1-day change of -5.09%, SOL (Solana) at Rp1.487.028 down 5.08%, and AVAX (Avalanche) at Rp149.011 down 4.82%.

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