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: Stablecoin issuers and authorities successfully froze or seized $2.85 billion—roughly 44.3% of the total $6.43 billion stolen from Binance—shortly after the October 29 breach. Blockchain analytics firm Elliptic confirmed that the perpetrators, attributed by the FBI to North Korea’s TraderTraitor group, are patiently routing funds across Tron, Solana, XRP, and THORChain bridges into ...
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 Blockchain intelligence firm Elliptic has uncovered critical data detailing cryptocurrency laundering operations, particularly highlighting activities tied to state-sponsored actors such as North Korea. While the digital asset market has not yet registered direct price movements from the revelations, the findings are driving heightened attention toward centralized exchange compliance and on-chain security protocols. Traders, ...
Key Highlights The FBI identified North Korea’s TraderTraitor cyber syndicate as the group responsible for the massive October 29 cryptocurrency heist. Blockchain analytics firm Elliptic reports that while $2.85 billion (44%) of the stolen funds has been frozen or seized, the attackers still hold roughly $3.28 billion across more than 950 digital wallets. Investigators found ...
Key Highlights CertiK recorded $2.68 billion in gross crypto security losses in 2026, with five incidents accounting for almost 59% of the total. Bitget’s $387.5 million breach was the year’s largest reported crypto incident, while Bitget and Liquid Network together contributed about $706 million in losses. Elliptic said suspected North Korean hackers stole more than ...