Signal

Hackers used meme tokens and liquidity pools to launder Binance hack funds

Evidence first: scan the strongest sources, then decide whether to go deeper.

Published 2026-11-09 19:36 UTCUpdated 2026-11-09 20:26 UTC
rsstelegram
cryptohackson_chain_datadefinear
Trend in the last 24h
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Evidence trail (top sources)
top sources (2 domains)domains are deduped. counts indicate coverage, not truth.
2 top sources shown
Cointelegraph report on NEAR token transfers
cointelegraph.com · cointelegraph.com · 2026-11-09 20:26 UTC
limited source diversity in top sources
Overview

A one-off investigation report describes hackers linked to the Binance hack creating worthless meme tokens using Elon Musk and animal imagery, then routing stolen funds through liquidity pools. Cointelegraph reports that six new tokens on NEAR were used to obscure transfers between wallets.

Entities
BinanceEllipticNEARElon Musk
Why now
  • Recent reporting identifies a specific laundering pattern tied to the Binance hack.
  • Elliptic’s tracing links the activity to six new tokens on NEAR.
Why it matters
  • The case shows liquidity pools being used to complicate tracing of stolen crypto.
  • Newly created tokens can serve as part of an alleged fund-movement route after a hack.
Evidence assessment
Recurring claims
  • Hackers created meme tokens featuring Elon Musk and cartoon animal imagery to move stolen crypto.
  • Funds were routed through liquidity pools to obscure transfers between wallets.
How sources frame it
  • Decrypt: neutral
  • Cointelegraph: neutral
Reports attribute the laundering method to Elliptic’s tracing of newly created tokens and liquidity-pool transfers.
All evidence
All evidence
Cointelegraph report on NEAR token transfers
cointelegraph.com · cointelegraph.com · 2026-11-09 20:26 UTC
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Evidence items loaded: 0Publishers: 2Origin domains: 2Duplicates: -
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