Key Highlights Blockchain analytics firm Elliptic uncovered an obfuscation method where cybercriminals use disposable liquidity pools on networks like NEAR, Tron, and Solana to mask illicit fund movements. Between November 5 and 7, illicit actors deployed six throwaway tokens on NEAR Protocol for roughly $90 each to wash approximately 117,000 NEAR ($430,000) using isolated buyer ...
Key Highlights: Blockchain analytics firm Elliptic identified a novel money laundering scheme involving six custom-created memecoins used to disguise funds stolen from Binance. Attackers linked to North Korea laundered roughly 117,000 NEAR tokens, valued at approximately $430,000, through decentralized liquidity pools between November 5 and November 7. The illicit wash trading strategy involved buying and ...
Key Highlights: Blockchain forensics firm Elliptic revealed how North Korean threat actors laundered stolen $NEAR tokens by hopping between wallets and decentralized liquidity pools. Investigators identified a connected chain where five of six token creators were funded by proceeds from prior token sales within a rapid two to 13-minute window. Approximately 11.8 million stolen $NEAR, ...
Key Highlights North Korean cybercriminals are minting custom memecoins to launder digital assets linked to the $6.3 billion Binance exploit. Blockchain forensics firm Elliptic discovered that roughly 117,000 $NEAR tokens (worth approximately $430,000) were laundered through six bespoke memecoins created between November 5 and November 7. The illicit scheme involved wash trading across decentralized exchange ...
Key Highlights: Blockchain investigators have traced more than $100 million in illicit funds directly into a single cryptocurrency wallet cluster connected to a scam compound. A Financial Action Task Force (FATF) report reveals that global losses from industrial-scale fraud compounds reach tens of billions of dollars annually, affecting victims in over 100 jurisdictions. Fraud networks ...
Key Highlights: An address linked to the Binance hacker deposited 8,567 SOL (valued at approximately $798,000) into Privacy Cash, with related addresses displaying similar laundering behavior. Blockchain analytics firm Elliptic confirmed that roughly 87,000 SOL—worth an estimated $8 million—drained from the primary exploit wallet by November 3, routing through lending vaults, liquid-staking platforms, and new ...
Key Highlights: Total annual cryptocurrency hack losses have reached an unprecedented record of $8.73 billion, with North Korean threat actors accounting for roughly 90% of stolen funds in 2026. Cybercriminals are increasingly turning to cross-chain orchestration platforms like NEAR Intents and Chainflip, alongside decentralized finance (DeFi) protocols and Zcash shielded pools, to obscure transactional footprints ...
Key Highlights Binance suffered a massive $6.4 billion security breach on Thursday, which blockchain analysts attribute to North Korea’s TraderTraitor, a division of the Lazarus Group. Stablecoin issuers quickly intervened to freeze more than $2.4 billion in illicit assets, while Binance replenished 90% of the drained crypto assets and slated withdrawal resumptions for Sunday. Chainalysis ...
Key Highlights: Blockchain forensics by Bitquery revealed that an attacker rapidly dispersed massive troves of stolen assets across the Tron, Ethereum, and Bitcoin blockchains, relying on multi-wallet hops rather than privacy mixers. Hasty laundering efforts cost the attacker roughly $119 million due to unfavorable slippage, low-priced sales, and high acquisition costs, alongside an accidental $3.32 ...
Key Highlights: Stolen funds tied to major security breaches at Binance and Bitget were routed through THORChain, pointing toward a single potential threat actor. THORChain experienced a massive surge in usage, pushing network fees to a weekly peak of $11K and driving RUNE trading volume up by more than 393%. Despite aggressive buying momentum that ...
Key Highlights: Stolen cryptocurrency linked to a past CoinDCX security breach has moved through multiple intermediary wallets to major exchanges including Binance, OKX, and Gate. CoinDCX clarified that the flagged addresses were created in January 2025 and compromised in July 2025, dismissing recent claims circulating on X as misleading. The exchange affirmed that customer assets ...
Key Highlights: Hyperliquid generated $2.5 million in fees over 24 hours on October 20, roughly three times the combined $836,000 earned by the other nine platforms in the ranking. On-chain sleuth ZachXBT alleges that FreedomXMR, a service on Hyperliquid Core, is a laundering channel, with more than 87% of incoming funds potentially tied to illicit ...