Hacking News
North Korean Hackers Used Memecoins to Launder Binance Theft Funds
The FBI has identified the TraderTraitor group as the perpetrators behind the October 29 theft of approximately $6.3 billion in crypto from Binance hot wallets. Binance will cover the losses. Elliptic reports that the group used six newly created memecoins between November 5 and 7 to route about 117,000 NEAR (roughly $430,000) through wallets, making the stolen funds appear as trading activity. This tactic was also used after the 2025 Bybit hack.