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#Binance exploit

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North Korean Hackers Launch Memecoins to Launder Funds from $6.3 Billion Binance Exploit
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North Korean Hackers Launch Memecoins to Launder Funds from $6.3 Billion Binance Exploit

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 ...

Arbitrum Freezes Binance Exploit Funds Amid USDG Rollout and Robinhood Chain Expansion
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Arbitrum Freezes Binance Exploit Funds Amid USDG Rollout and Robinhood Chain Expansion

Key Highlights The Arbitrum Security Council executed an emergency intervention on October 30 to freeze 8,425 ETH and over 74.5 million ARB linked to the Binance exploit. Binance formally petitioned the Arbitrum DAO on November 5 to return the seized assets, initiating a governance voting process anticipated to take approximately seven weeks. Robinhood Chain, leveraging ...

Altcoin Surges Over 40% as Bitcoin Price Declines
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Altcoin Surges Over 40% as Bitcoin Price Declines

Key Highlights: The BEAM cryptocurrency recorded a 24-hour trading volume of approximately $170 million, marking an increase of more than 2,000% from the previous day. Trading activity was heavily concentrated on South Korean exchange Upbit, alongside significant volume in the Turkish lira pair on Binance. The dramatic market reaction followed swift action by BEAM developers, ...