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MEME #00421

MONEY LAUNDERING, DELICATE CYCLE

A meme token is a digital coin built around a joke or image. A trading pool holds tokens people can swap, like an automated exchange counter. Elliptic identified at least 6 homema...

Published November 10, 2026 · Crypto & Web3 · Memes & Satire · 2 min read

#MemesIsNews #LILMEME00421

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The real news

The story, straight

A meme token is a digital coin built around a joke or image. A trading pool holds tokens people can swap, like an automated exchange counter.

Elliptic identified at least 6 homemade meme tokens on NEAR, created November 5–7, 2026, to move stolen Binance funds. Each cost about 25 NEAR, roughly $90, to create.

Disposable money laundering: apparently even crime has a travel-size aisle.

Wallets holding stolen NEAR bought the tokens through pools. Other wallets in the same network sold tokens into those pools and withdrew NEAR.

The pool sat between them, avoiding direct transfers and making recipients look like traders collecting profits.

Elliptic traced about 117,000 NEAR through these tokens, around $430,000 at the time, not the whole theft. Outside purchases accounted for under 1% of FUK's trading volume.

This wasn't a bustling market; it was the same operation wearing different wallets.

The crucial catch: the public transaction record survives. Elliptic says the extra swaps slow investigators, not erase the trail.

My imaginary laundromat prints the evidence on the receipt.

Useful lesson: money arriving from a trading pool isn't automatically clean. Check where it entered.

Source: https://www.elliptic.co/insights/north-korea-meme-coins-binance-hack/

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The absurd

Why this is ridiculous

Each disposable token cost about $90, according to Elliptic.

The breakdown

How it breaks down

Linked wallets buy and sell through pools to disguise transfers.

The upside

Why it could matter

Elliptic says these swaps delay investigators but remain publicly traceable.

Sources

https://www.coindesk.com/business/2026/11/09/north-korean-hackers-are-creating-memecoins-to-wash-loot-from-usd6-3-billion-binance-hack

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