{"id":132811,"date":"2026-11-11T09:05:14","date_gmt":"2026-11-11T08:05:14","guid":{"rendered":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/"},"modified":"2026-11-11T09:05:14","modified_gmt":"2026-11-11T08:05:14","slug":"binance-hack-funds-laundered-near-memecoins","status":"publish","type":"post","link":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/","title":{"rendered":"Binance Hackers Launder $430K Via NEAR Memecoins"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Binance Hackers Launder $430,000 Via NEAR Memecoins \u2013 Obfuscation Tactic Routes Stolen Funds Through Decentralized Exchanges<\/p>\n\n<span class=\"anchor\" id=\"key-takeaways\" title=\"Key Takeaways\"><\/span><h2 class=\"wp-block-heading\">Key Takeaways<\/h2>\n\n<ul class=\"wp-block-list\"><li>North Korean hackers laundered roughly $430,000 from the Binance exploit using newly created memecoins on the Near Protocol.<\/li><li>The obfuscation technique routes stolen cryptocurrency through decentralized exchange liquidity pools to prevent direct wallet tracking.<\/li><li>Blockchain analytics firm Elliptic identified similar methods previously used during the 2025 Bybit hack.<\/li><\/ul>\n\n<span class=\"anchor\" id=\"north-korean-hackers-exploit-decentralized-liquidity-pools\" title=\"North Korean Hackers Exploit Decentralized Liquidity Pools\"><\/span><h2 class=\"wp-block-heading\">North Korean Hackers Exploit Decentralized Liquidity Pools<\/h2>\n\n<p class=\"wp-block-paragraph\">The repercussions of the Binance exploit continue to unfold as North Korean hackers adopt new methods to obscure stolen funds. Blockchain analytics firm Elliptic reports that these perpetrators are creating their own worthless meme tokens to launder cryptocurrency. This approach avoids direct transfers between wallets holding stolen funds and those receiving the laundered assets.<\/p>\n\n<p class=\"wp-block-paragraph\">Hackers initiate this process using publicly available token-launch platforms. They pair the newly minted token with a legitimate asset, such as <strong>Near Protocol (NEAR)<\/strong> or a stablecoin, inside a liquidity pool on a decentralized exchange. Wallets containing the stolen cryptocurrency then purchase the new meme token from this pool.<\/p>\n\n<p class=\"wp-block-paragraph\">A separate set of wallets subsequently sells the worthless tokens back into the same liquidity pool. This mechanism allows the operators to withdraw legitimate crypto assets on the other side. Investigators face a much harder and more time-consuming task tracing the money because the liquidity pool sits directly between the buying and selling wallets.<\/p>\n\n<span class=\"anchor\" id=\"memecoin-creation-masks-movement-of-430000-in-near\" title=\"Memecoin Creation Masks Movement of $430,000 in NEAR\"><\/span><h2 class=\"wp-block-heading\">Memecoin Creation Masks Movement of $430,000 in NEAR<\/h2>\n\n<p class=\"wp-block-paragraph\">Perpetrators created at least six different memecoins on the NEAR network between the 5th and 7th of November. These tokens cost approximately <strong>25 NEAR<\/strong>, or $90, to deploy. They carry classic meme coin style logos and names ranging from crude jokes like FUK to dog-themed coins like SINU, including OLCCL, MEILI, MMLI, and DABI.<\/p>\n\n<p class=\"wp-block-paragraph\">Roughly <strong>117,000 NEAR<\/strong> passed through these specific tokens during the laundering cycle. This volume amounts to a total value of approximately <strong>$430,000<\/strong>. Trading patterns across these assets looked identical during this brief time frame.<\/p>\n\n<p class=\"wp-block-paragraph\">The tokens experienced heavy trading volume within hours of their creation. Hackers completely abandoned the projects shortly after completing the laundering cycle. Some instances also saw the immediate withdrawal of any remaining liquidity from the exchange pools.<\/p>\n\n<span class=\"anchor\" id=\"laundering-tactic-mirrors-the-2025-bybit-exploit\" title=\"Laundering Tactic Mirrors the 2025 Bybit Exploit\"><\/span><h2 class=\"wp-block-heading\">Laundering Tactic Mirrors the 2025 Bybit Exploit<\/h2>\n\n<p class=\"wp-block-paragraph\">This specific routing technique is not an entirely new development for blockchain investigators. Elliptic observed the same method during the laundering of funds from the Bybit hack in <strong>2025<\/strong>. Those perpetrators moved at least $24 million through a worthless token minted on the Tron network.<\/p>\n\n<p class=\"wp-block-paragraph\">Analytics show the approach has now expanded across multiple blockchain environments. Investigators have identified its use on networks including Tron (TRX), NEAR, and Solana (SOL). The FBI recently attributed the underlying theft to <strong>TraderTraitor<\/strong>, a state-sponsored hacking group from North Korea.<\/p>\n\n<p class=\"wp-block-paragraph\">North Korean cyber operations continue to evolve their technological capabilities alongside these on-chain maneuvers. The cyber-espionage group Kimsuky is actively integrating artificial intelligence tools to strengthen its wider digital attacks.<\/p>\n\n<span class=\"anchor\" id=\"our-assessment\" title=\"Our Assessment\"><\/span><h2 class=\"wp-block-heading\">Our Assessment<\/h2>\n\n<p class=\"wp-block-paragraph\">The deployment of custom memecoins to launder stolen funds demonstrates a clear evolution in on-chain obfuscation tactics. Utilizing decentralized exchange liquidity pools disrupts the direct wallet-to-wallet tracing that blockchain investigators rely upon. The repeated use of this strategy across Tron, Solana, and NEAR indicates that state-sponsored groups view it as an effective method for processing illicit capital. The low cost of deploying these tokens allows hackers to cycle through multiple assets quickly, minimizing their footprint on any single decentralized exchange.<\/p>\n\n<div class=\"gambling-disclaimer\">\n\t<p>\n\t\tWe have imposed strict editorial guidelines on ourselves and explain our testing methods openly and comprehensively. We also communicate transparently how our work is financed. This site may contain tracking links, but this does not influence our objective view in any way.\t<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hackers are obscuring $430,000 in stolen Binance funds by creating worthless memecoins on the Near Protocol and routing them through decentralized exchanges.<\/p>\n","protected":false},"author":8,"featured_media":132810,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"news_crypto_coin":[],"class_list":["post-132811","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":{"faqs":null,"sort_number":999,"sort_number_no_override":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Binance Hack Funds Laundered Through NEAR Memecoins<\/title>\n<meta name=\"description\" content=\"North Korean hackers laundered $430,000 from the Binance exploit by routing stolen funds through custom NEAR memecoins in DEX liquidity pools.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kryptocasinos.com EN\" \/>\n<meta property=\"og:description\" content=\"North Korean hackers laundered $430,000 from the Binance exploit by routing stolen funds through custom NEAR memecoins in DEX liquidity pools.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/\" \/>\n<meta property=\"og:site_name\" content=\"Kryptocasinos.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kryptocasinoscomm\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-11T08:05:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-hack-funds-laundered-near-memecoins.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1408\" \/>\n\t<meta property=\"og:image:height\" content=\"736\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Isabella Brown\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Isabella Brown\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/\"},\"author\":{\"name\":\"Isabella Brown\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#\\\/schema\\\/person\\\/badee6a5ed8b6777da5bd380d112bcdc\"},\"headline\":\"Binance Hackers Launder $430K Via NEAR Memecoins\",\"datePublished\":\"2026-11-11T09:05:14+01:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/\"},\"wordCount\":564,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/binance-hack-funds-laundered-near-memecoins.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/#respond\"]}],\"description\":\"\",\"isAccessibleForFree\":true,\"articleBody\":\"Binance Hackers Launder $430,000 Via NEAR Memecoins - Obfuscation Tactic Routes Stolen Funds Through Decentralized Exchanges\\n\\nKey Takeaways\\n\\nNorth Korean hackers laundered roughly $430,000 from the Binance exploit using newly created memecoins on the Near Protocol.The obfuscation technique routes stolen cryptocurrency through decentralized exchange liquidity pools to prevent direct wallet tracking.Blockchain analytics firm Elliptic identified similar methods previously used during the 2025 Bybit hack.\\n\\nNorth Korean Hackers Exploit Decentralized Liquidity Pools\\n\\nThe repercussions of the Binance exploit continue to unfold as North Korean hackers adopt new methods to obscure stolen funds. Blockchain analytics firm Elliptic reports that these perpetrators are creating their own worthless meme tokens to launder cryptocurrency. This approach avoids direct transfers between wallets holding stolen funds and those receiving the laundered assets.\\n\\nHackers initiate this process using publicly available token-launch platforms. They pair the newly minted token with a legitimate asset, such as Near Protocol (NEAR) or a stablecoin, inside a liquidity pool on a decentralized exchange. Wallets containing the stolen cryptocurrency then purchase the new meme token from this pool.\\n\\nA separate set of wallets subsequently sells the worthless tokens back into the same liquidity pool. This mechanism allows the operators to withdraw legitimate crypto assets on the other side. Investigators face a much harder and more time-consuming task tracing the money because the liquidity pool sits directly between the buying and selling wallets.\\n\\nMemecoin Creation Masks Movement of $430,000 in NEAR\\n\\nPerpetrators created at least six different memecoins on the NEAR network between the 5th and 7th of November. These tokens cost approximately 25 NEAR, or $90, to deploy. They carry classic meme coin style logos and names ranging from crude jokes like FUK to dog-themed coins like SINU, including OLCCL, MEILI, MMLI, and DABI.\\n\\nRoughly 117,000 NEAR passed through these specific tokens during the laundering cycle. This volume amounts to a total value of approximately $430,000. Trading patterns across these assets looked identical during this brief time frame.\\n\\nThe tokens experienced heavy trading volume within hours of their creation. Hackers completely abandoned the projects shortly after completing the laundering cycle. Some instances also saw the immediate withdrawal of any remaining liquidity from the exchange pools.\\n\\nLaundering Tactic Mirrors the 2025 Bybit Exploit\\n\\nThis specific routing technique is not an entirely new development for blockchain investigators. Elliptic observed the same method during the laundering of funds from the Bybit hack in 2025. Those perpetrators moved at least $24 million through a worthless token minted on the Tron network.\\n\\nAnalytics show the approach has now expanded across multiple blockchain environments. Investigators have identified its use on networks including Tron (TRX), NEAR, and Solana (SOL). The FBI recently attributed the underlying theft to TraderTraitor, a state-sponsored hacking group from North Korea.\\n\\nNorth Korean cyber operations continue to evolve their technological capabilities alongside these on-chain maneuvers. The cyber-espionage group Kimsuky is actively integrating artificial intelligence tools to strengthen its wider digital attacks.\\n\\nOur Assessment\\n\\nThe deployment of custom memecoins to launder stolen funds demonstrates a clear evolution in on-chain obfuscation tactics. Utilizing decentralized exchange liquidity pools disrupts the direct wallet-to-wallet tracing that blockchain investigators rely upon. The repeated use of this strategy across Tron, Solana, and NEAR indicates that state-sponsored groups view it as an effective method for processing illicit capital. The low cost of deploying these tokens allows hackers to cycle through multiple assets quickly, minimizing their footprint on any single decentralized exchange.\\n\\n\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/\",\"name\":\"Binance Hack Funds Laundered Through NEAR Memecoins\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/binance-hack-funds-laundered-near-memecoins.jpg\",\"datePublished\":\"2026-11-11T09:05:14+01:00\",\"description\":\"North Korean hackers laundered $430,000 from the Binance exploit by routing stolen funds through custom NEAR memecoins in DEX liquidity pools.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/binance-hack-funds-laundered-near-memecoins.jpg\",\"contentUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/binance-hack-funds-laundered-near-memecoins.jpg\",\"width\":1408,\"height\":736,\"caption\":\"A computer monitor surrounded by stacked plain gold coins and glowing digital blocks.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-hack-funds-laundered-near-memecoins\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance Hackers Launder $430K Via NEAR Memecoins\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/\",\"name\":\"Kryptocasinos.com\",\"description\":\"\",\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#organization\",\"name\":\"Kryptocasinos.com\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/kryptocasinos-com-logo.svg\",\"contentUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/kryptocasinos-com-logo.svg\",\"width\":109,\"height\":34,\"caption\":\"Kryptocasinos.com\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/kryptocasinoscomm\\\/\"],\"description\":\"Explore the best crypto casinos for %%currentyear%%. Compare top Bitcoin gambling sites by payouts, bonuses, KYC, and supported coins, with hands-on testing.\",\"address\":{\"@type\":\"PostalAddress\",\"streetAddress\":\"557 Fuk Wing St\",\"addressLocality\":\"Cheung Sha Wan\",\"addressRegion\":\"HK\",\"postalCode\":\"999077\",\"addressCountry\":\"CN\"},\"contactPoint\":{\"@type\":\"ContactPoint\",\"email\":\"contact@kryptocasinos.com\"},\"foundingDate\":\"2021-03-27\",\"email\":\"hello@kryptocasinos.com\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"11\",\"maxValue\":\"50\"},\"publishingPrinciples\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/editorial-guidelines\\\/\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#\\\/schema\\\/person\\\/badee6a5ed8b6777da5bd380d112bcdc\",\"name\":\"Isabella Brown\",\"description\":\"Isabella Brown is a Senior Editor and Crypto Gambling Analyst at KryptoCasinos.com. She has worked in iGaming since 2017, including three years analyzing industry news and trends at iGaming Business (iGB). She covers crypto gambling regulation, casino security, and market developments for US readers, and checks site content for accuracy before publication.\",\"birthDate\":\"1995-02-13\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/author\\\/isabella\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Binance Hack Funds Laundered Through NEAR Memecoins","description":"North Korean hackers laundered $430,000 from the Binance exploit by routing stolen funds through custom NEAR memecoins in DEX liquidity pools.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/","og_type":"article","og_title":"Kryptocasinos.com EN","og_description":"North Korean hackers laundered $430,000 from the Binance exploit by routing stolen funds through custom NEAR memecoins in DEX liquidity pools.","og_url":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/","og_site_name":"Kryptocasinos.com","article_publisher":"https:\/\/www.facebook.com\/kryptocasinoscomm\/","article_published_time":"2026-11-11T08:05:14+00:00","og_image":[{"width":1408,"height":736,"url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-hack-funds-laundered-near-memecoins.jpg","type":"image\/jpeg"}],"author":"Isabella Brown","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Isabella Brown","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/#article","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/"},"author":{"name":"Isabella Brown","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc"},"headline":"Binance Hackers Launder $430K Via NEAR Memecoins","datePublished":"2026-11-11T09:05:14+01:00","mainEntityOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/"},"wordCount":564,"commentCount":0,"publisher":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#organization"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-hack-funds-laundered-near-memecoins.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/#respond"]}],"description":"","isAccessibleForFree":true,"articleBody":"Binance Hackers Launder $430,000 Via NEAR Memecoins - Obfuscation Tactic Routes Stolen Funds Through Decentralized Exchanges\n\nKey Takeaways\n\nNorth Korean hackers laundered roughly $430,000 from the Binance exploit using newly created memecoins on the Near Protocol.The obfuscation technique routes stolen cryptocurrency through decentralized exchange liquidity pools to prevent direct wallet tracking.Blockchain analytics firm Elliptic identified similar methods previously used during the 2025 Bybit hack.\n\nNorth Korean Hackers Exploit Decentralized Liquidity Pools\n\nThe repercussions of the Binance exploit continue to unfold as North Korean hackers adopt new methods to obscure stolen funds. Blockchain analytics firm Elliptic reports that these perpetrators are creating their own worthless meme tokens to launder cryptocurrency. This approach avoids direct transfers between wallets holding stolen funds and those receiving the laundered assets.\n\nHackers initiate this process using publicly available token-launch platforms. They pair the newly minted token with a legitimate asset, such as Near Protocol (NEAR) or a stablecoin, inside a liquidity pool on a decentralized exchange. Wallets containing the stolen cryptocurrency then purchase the new meme token from this pool.\n\nA separate set of wallets subsequently sells the worthless tokens back into the same liquidity pool. This mechanism allows the operators to withdraw legitimate crypto assets on the other side. Investigators face a much harder and more time-consuming task tracing the money because the liquidity pool sits directly between the buying and selling wallets.\n\nMemecoin Creation Masks Movement of $430,000 in NEAR\n\nPerpetrators created at least six different memecoins on the NEAR network between the 5th and 7th of November. These tokens cost approximately 25 NEAR, or $90, to deploy. They carry classic meme coin style logos and names ranging from crude jokes like FUK to dog-themed coins like SINU, including OLCCL, MEILI, MMLI, and DABI.\n\nRoughly 117,000 NEAR passed through these specific tokens during the laundering cycle. This volume amounts to a total value of approximately $430,000. Trading patterns across these assets looked identical during this brief time frame.\n\nThe tokens experienced heavy trading volume within hours of their creation. Hackers completely abandoned the projects shortly after completing the laundering cycle. Some instances also saw the immediate withdrawal of any remaining liquidity from the exchange pools.\n\nLaundering Tactic Mirrors the 2025 Bybit Exploit\n\nThis specific routing technique is not an entirely new development for blockchain investigators. Elliptic observed the same method during the laundering of funds from the Bybit hack in 2025. Those perpetrators moved at least $24 million through a worthless token minted on the Tron network.\n\nAnalytics show the approach has now expanded across multiple blockchain environments. Investigators have identified its use on networks including Tron (TRX), NEAR, and Solana (SOL). The FBI recently attributed the underlying theft to TraderTraitor, a state-sponsored hacking group from North Korea.\n\nNorth Korean cyber operations continue to evolve their technological capabilities alongside these on-chain maneuvers. The cyber-espionage group Kimsuky is actively integrating artificial intelligence tools to strengthen its wider digital attacks.\n\nOur Assessment\n\nThe deployment of custom memecoins to launder stolen funds demonstrates a clear evolution in on-chain obfuscation tactics. Utilizing decentralized exchange liquidity pools disrupts the direct wallet-to-wallet tracing that blockchain investigators rely upon. The repeated use of this strategy across Tron, Solana, and NEAR indicates that state-sponsored groups view it as an effective method for processing illicit capital. The low cost of deploying these tokens allows hackers to cycle through multiple assets quickly, minimizing their footprint on any single decentralized exchange.\n\n"},{"@type":"WebPage","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/","url":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/","name":"Binance Hack Funds Laundered Through NEAR Memecoins","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/#primaryimage"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-hack-funds-laundered-near-memecoins.jpg","datePublished":"2026-11-11T09:05:14+01:00","description":"North Korean hackers laundered $430,000 from the Binance exploit by routing stolen funds through custom NEAR memecoins in DEX liquidity pools.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/#primaryimage","url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-hack-funds-laundered-near-memecoins.jpg","contentUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-hack-funds-laundered-near-memecoins.jpg","width":1408,"height":736,"caption":"A computer monitor surrounded by stacked plain gold coins and glowing digital blocks."},{"@type":"BreadcrumbList","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-hack-funds-laundered-near-memecoins\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.kryptocasinos.com\/en\/"},{"@type":"ListItem","position":2,"name":"Binance Hackers Launder $430K Via NEAR Memecoins"}]},{"@type":"WebSite","@id":"https:\/\/www.kryptocasinos.com\/en\/#website","url":"https:\/\/www.kryptocasinos.com\/en\/","name":"Kryptocasinos.com","description":"","inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.kryptocasinos.com\/en\/#organization","name":"Kryptocasinos.com","url":"https:\/\/www.kryptocasinos.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg","contentUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg","width":109,"height":34,"caption":"Kryptocasinos.com"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/kryptocasinoscomm\/"],"description":"Explore the best crypto casinos for %%currentyear%%. 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