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North Korea’s $6.3B Binance Hack Takes a Strange Turn With Meme Coins

North Korean launderers have turned to disposable meme coins to disguise proceeds from Binance’s roughly $6.3 billion hack. Elliptic identified related tactics on three blockchains, adding cheap, repeatable obstacles to efforts to trace the stolen assets.

Desk

Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.

Desk note from the headline and excerpt, not Dextape reporting · How Dextape writes

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Headline and excerpt from Bitcoin.com’s public feed. Bitcoin.com holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.

Original reporting

Kevin Helms, Bitcoin.com

Bitcoin.com wrote and holds the copyright to this story. Dextape shows its headline and a short excerpt and links to the full piece.

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