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Reports Claim North Korea Created Meme Coins to Launder Stolen Binance Funds
(2 hours ago) · 1 source · Summarized by CryptoBipto
According to reports, North Korean-linked hackers have allegedly created their own meme coins as a method to launder cryptocurrency stolen from a Binance hack. The scheme reportedly involves generating trading volume through the meme tokens to obscure the origin of illicit funds.
WHY IT MATTERS
When hackers steal cryptocurrency, they need ways to convert it into usable money without being caught — this is called laundering.
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SOURCES
- bitcoinmagazine.com
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