News analysis
Elliptic traces Binance hack funds through memecoins on NEAR, Cointelegraph reports
· By MyCryptoSignal Editorial · 318 words
Cointelegraph reports that North Korean hackers created memecoins to launder funds taken in a Binance hack, according to blockchain analytics firm Elliptic. Elliptic traced the stolen money through six new tokens on NEAR, where liquidity pools were used to obscure transfers between wallets.
The report, published on 9 November 2026, attributes the tracing work to Elliptic, which followed the funds across six newly created tokens on the NEAR network. According to Cointelegraph, the tokens were used alongside liquidity pools, a route that breaks the direct link between sending and receiving wallets. The summary does not name the individual tokens, the size of the amounts moved, or a timeframe for the transfers. It also does not say whether any of the funds have been frozen or recovered. Cointelegraph's account rests on Elliptic's tracing; we have not independently verified those figures.
Our own data, collected as of 21:17 UTC on 10 November 2026, shows NEAR at $3.56, down 1.41% over 24 hours. The token has given back 6.92% over seven days and 37.34% over 30 days. Its 24-hour range ran from $3.47 to $3.75, and the 14-period RSI sits at 45.4 with the trend marked down. Support is at $3.51 and resistance at $3.57, a narrow band around the current price. The volatility reading was 0.01 and the signal action was marked falling.
The wider market was also lower. Total capitalisation stood at $2.32 trillion, down 1.53% in 24 hours, with Bitcoin dominance at 63.9%. Bitcoin traded at $73,870, down 1.32% over the same window.
NEAR sits 37.34% below its level of a month ago, with support at $3.51 and resistance at $3.57 close together. Elliptic's tracing points to liquidity pools as a laundering route, which places token-level flows and exchange compliance in the same frame. The source does not say whether the six tokens still trade or hold value.
Read the full story at Cointelegraph: https://cointelegraph.com/news/north-korean-hackers-memecoins-launder-binance-hack-elliptic
Data, not advice.
Source: Cointelegraph — see our editorial policy.