Binance Hack Launderers Mint Elon Musk and Animal Meme Coins to Move Stolen Crypto
Elliptic says the hackers are minting their own worthless tokens—complete with cartoon animal and Elon Musk logos—and routing stolen funds through liquidity pools to break the trail.
Key Takeaways
- Elliptic says the hackers are minting their own worthless tokens—complete with cartoon animal and Elon Musk logos—and routing stolen funds through liquidity pools to break the trail.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Mercado Bitcoin begins post-hack reopening without a timeline for withdrawals
Customers can view their pre-hack balances as access returns in phases. The exchange has yet to say when withdrawals will resume.
Binance Hack Update: North Korea Used Elon Musk’s Face to Launder Money
North Korea used an Elon Musk meme coin to launder Binance hack money, Elliptic says. See how the scheme works. The post Binance Hack Update: North Korea Used Elon Musk’s Face to Launder Money appeared first on BeInCrypto.
Binance hack launderers mint homemade Elon Musk, animal memecoins to move stolen funds: Elliptic
Elliptic says the extra swaps slow investigators down, but the stolen funds remain traceable onchain.