Hacking News
Binance Hackers Mint Memecoins to Launder Stolen Funds
The Binance hackers are minting their own memecoins to launder the stolen funds. They pair a worthless token with a real asset in a liquidity pool, buy it from one set of wallets using stolen funds, and sell it from another. This technique slows investigators down rather than hiding anything. The crypto market did not join the equity rally, with Bitcoin failing to reclaim $75,000 and Ether slipping under $2,100. Glassnode notes the selling hasn't scared people off, with spot volume still above where it sat before August and Bitcoin keeping pace with equities while gold fell three times harder over the past two months.