PYMNTS

Binance Heist Crew Employs Meme Coins to Launder Funds

The hackers behind last month’s historic heist at Binance are using memecoins to launder some of the proceeds. The hackers, believed to have ties to North Korea, have so far laundered roughly $430,000 of stolen crypto, a fraction of the $6.3 billion stolen, blockchain company Elliptic said in a blog post Monday (Nov. 9). “Most […] The post Binance Heist Crew Employs Meme Coins to Launder Funds appeared first on PYMNTS.com.

By PYMNTS

1 min read
Binance Heist Crew Employs Meme Coins to Launder Funds
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Fintech & Digital Payments

Related Insights