Key facts
- Elliptic said North Korean launderers created six throwaway meme tokens on NEAR between November 5 and November 7.
- About $430,000 of stolen Binance funds moved through the homemade liquidity pools, per Elliptic.
- Elliptic is a blockchain analytics firm that traced the token activity.
North Korean launderers created six meme tokens on the NEAR blockchain between November 5 and November 7, 2026, and moved about $430,000 of stolen Binance funds through homemade liquidity pools, blockchain analytics firm Elliptic said in a report published November 9, 2026.
Elliptic described the tokens as throwaway vehicles, created and used to obscure the origin of the funds. The report did not name the individuals behind the activity and did not state how much of the original Binance hack proceeds remains unaccounted for.
The findings rest on Elliptic's own tracing of on-chain activity. Binance did not comment in the report on the movement of the funds.