Binance Hackers Mint Memecoins to Move Funds
Launderers behind the Binance hack are minting homemade Elon Musk and animal memecoins to obscure stolen funds, according to Elliptic.
Launderers behind the recent Binance hack have begun minting homemade Elon Musk and animal memecoins to move stolen funds, according to analytics firm Elliptic.
Swap Tactics
Instant Telegram notifications for large on-chain moves.
Blockchain analytics firm Elliptic reported that the threat actors are executing extra swaps using customized tokens. While this strategy successfully slows down investigators tracking the movement of assets, the stolen funds remain fully traceable onchain.
Key facts
- Actor Action: Launderers minting homemade Elon Musk and animal memecoins
- Source: Analytics reported by Elliptic
- Impact: Extra swaps slow investigators, though funds remain traceable onchain
Source: theblock.co
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