---
title: Elliptic: North Korea's launderers minted six throwaway NEAR memecoins to move about $430K of Binance-hack funds through their own liquidity pools | ctxsec
url: https://ctxsec.com/items/elliptic-tradertraitor-near-memecoins-launder-binance-hack-funds-nov-5-7
description: "Between Nov 5 and 7 the launderers created at least six tokens (FUK, OLCCL, MEILI, MMLI, DABI, SINU) for about 25 NEAR each, paired each with NEAR in a decentralized-exchange pool, bought them with stolen NEAR from one set of wallets and sold them from another, so no funds passed directly between the two. About 117,000 NEAR went through before the tokens were abandoned on Nov 8. Elliptic says it saw the same idea on Tron and a related approach on Solana in this case, and first saw it in the 2025 Bybit laundering."
status: "research (Elliptic, Tom Robinson, Nov 9, 2026); FBI attributed the Oct 29 Binance theft to TraderTraitor on Oct 31"
published: 2026-11-09
---

> Between Nov 5 and 7 the launderers created at least six tokens (FUK, OLCCL, MEILI, MMLI, DABI, SINU) for about 25 NEAR each, paired each with NEAR in a decentralized-exchange pool, bought them with stolen NEAR from one set of wallets and sold them from another, so no funds passed directly between the two. About 117,000 NEAR went through before the tokens were abandoned on Nov 8. Elliptic says it saw the same idea on Tron and a related approach on Solana in this case, and first saw it in the 2025 Bybit laundering.

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research (Elliptic, Tom Robinson, Nov 9, 2026); FBI attributed the Oct 29 Binance theft to TraderTraitor on Oct 31

2026-11-09

### Elliptic: North Korea's launderers minted six throwaway NEAR memecoins to move about $430K of Binance-hack funds through their own liquidity pools

- **For compliance teams:** don't treat funds that arrive from a liquidity pool as clean, especially when the token is days old and its volume comes almost entirely from a few wallets.
- Elliptic says the technique slows tracing but the trail stays visible on-chain.

Sources: [Elliptic: North Korea is minting meme coins to launder the Binance hack (Tom Robinson, Nov 9, 2026)](https://www.elliptic.co/insights/north-korea-meme-coins-binance-hack/)