Crypto · November 9, 2026
North Korean hackers are creating memecoins to wash loot from $6.3 billion Binance hack
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Between November 5 and 7, the hackers reportedly minted six tokens on the NEAR blockchain—specifically named FUK, OLCCL, MEILI, MMLI, DABI, and SINU—to move stolen assets through liquidity pools, obscuring the direct trail between wallets. This activity is part of a larger laundering operation following the October 29 theft, which the FBI has attributed to the North Korean state-sponsored group known as TraderTraitor.
Read the original coverage
- CoinDeskCrypto trade press
North Korean hackers are creating memecoins to wash loot from $6.3 billion Binance hack
Read at CoinDesk ↗ - Bitcoin MagazineCrypto trade press
North Korea Minting Meme Coins To Launder Binance Loot
Read at Bitcoin Magazine ↗ - CointelegraphCrypto trade press
North Korean hackers create memecoins to launder funds from Binance hack: Elliptic
Read at Cointelegraph ↗
Hype check
How the hype check worksConfirmed · 1
Backed by filings, on-chain data, official statements or several independent publishers.
- Six tokens were created on NEAR to launder Binance hack funds. (Elliptic)
Claimed · 1
Said by a company, project or person; not yet independently confirmed.
- The hack was carried out by the TraderTraitor group. (FBI)
Speculation · 0
Price talk, forecasts or unnamed sources, quoted as someone else's view.
- None identified.
Reported by multiple outlets
- Elliptic identified six memecoins created on the NEAR blockchain to launder funds.
- The laundering activity took place between November 5 and 7.
- The hackers used liquidity pools to obscure transfers between sets of wallets.
Reported by only some outlets
- The FBI has attributed the hack to North Korea's TraderTraitor group.
- The six tokens are named FUK, OLCCL, MEILI, MMLI, DABI, and SINU.
Industry-friendly coverage frames it as…
emphasize the technical sophistication of the hackers and the utility of blockchain analytics in uncovering these 'homemade' laundering schemes
Skeptical / consumer coverage frames it as…
portray the ease of creating 'worthless' tokens as a vulnerability that facilitates state-sponsored cybercrime
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