Binance Hack Memecoin Laundering: What the Elon 2028 Token Hid
North Korea Used Elon 2028 Memecoin to Launder $430K as NEAR
Binance hack news today centers on a cheap trick. According to an Elliptic report published on November 9, 2026, North Korea-linked launderers created six disposable tokens on NEAR.
About 117,000 NEAR, worth roughly $430,000, passed through them between November 5 and 7.
As of November 10, 2026, Binance hack memecoin laundering is trending in crypto news today because each token cost only about $90 to create.
How Do Memecoins Launder Stolen Funds?
Launderers create a worthless token, pair it with a real asset in a pool, buy it with illicit money from one wallet set, then sell it from another.
The pool sits between the wallets, so no direct transfer links them, and the collecting wallets resemble ordinary traders.
Binance hack funds laundered memecoins, step by step:
Create a token for about 25 NEAR
Pair it with NEAR in DEX liquidity pools
Buy it using stolen NEAR
Sell it from other wallets and collect NEAR
What Are Memecoin Laundering Tactics?
In Binance hack memecoin laundering, the tokens were FUK, OLCCL, MEILI, MMLI, DABI and SINU.
The Elon 2028 President memecoin Binance hack token used an image of Elon Musk, but noted there is no suggestion he is connected.
The Elon 2028 memecoin North Korea used was abandoned like the rest, and Elliptic said none has traded since November 8.
Elliptic report Binance hack key figures:
Item | Figure |
Stolen on October 29 | $6.43 billion |
Frozen funds | $2.85 billion |
Routed through tokens | 117,000 NEAR |
Unmoved NEAR | 11.8 million ($43.7M) |
How Hackers Use Liquidity Pools to Launder Crypto
Elliptic first saw the method after the 2025 Bybit theft. This time, it spotted a worthless Tron token on November 2.
On November 3, stolen SOL was swapped into wrapped, thinly traded Solana tokens, sold for USDC, then moved onward through cross-chain bridges.
SolanaFloor also covered this news in its post on X.
The Elliptic Binance hack memecoin report puts the total at $430K NEAR memecoins laundered, which is small beside the 11.8 million NEAR still unmoved. Even so, Binance hack memecoin laundering is cheap to repeat.
How North Korea Launders Stolen Crypto
North Korea crypto laundering relies on layers. The FBI attribution on October 31, 2026 named TraderTraitor, and TraderTraitor Binance hack tracing continues through coinjoin mixing, Privacy Cash and THORChain swaps, per Elliptic’s tracker.
Binance hack $6.43 billion stolen funds update: the $6.43 billion Binance hack trail remains open to on-chain tracing, because Elliptic says Binance hack memecoin laundering slows investigators rather than hiding funds.
NEAR Price Today After Binance Hack News
NEAR price today, per CoinGecko, as of November 10, 2026:
Metric | Value |
Price | $3.62 |
24h change | +1.6% |
Binance hack stolen NEAR price context: Elliptic’s valuation implies about $3.70 per token. No source links any price move to the laundering.
Expert View: What Could Memecoin Laundering Mean?
Analysts tracking North Korea memecoin laundering Binance hack activity may view the tokens as a cheap, repeatable layer, and Binance hack memecoin laundering could reappear on other chains.
Elliptic advised compliance teams not to treat funds from a liquidity pool as clean.
NEAR memecoins laundering is small so far, but it could carry larger sums.
Readers of crypto news should watch whether North Korea using memecoins to launder stolen crypto spreads to other chains.
Disclaimer: This article is for information only and is not financial or investment advice. Crypto assets are volatile. Verify details with official sources.
