North Korea Is Using Elon Musk-Themed Memecoins to Launder Crypto From the Binance Hack

North Korean hackers are laundering crypto stolen from the Binance hack by minting Elon Musk‑themed and animal‑styled memecoins, according to Elliptic. The worthless tokens, bearing cartoon logos, are routed through liquidity pools on the NEAR blockchain to obscure fund transfers. The blockchain analysis firm traced the illicit flow across six new tokens, highlighting a sophisticated scheme that exploits meme‑coin trends to hide the origin of stolen digital assets.