North Korea laundered Binance hack funds via an Elon Musk meme coin, Elliptic says

Blockchain analytics firm Elliptic reports that North Korean actors used an Elon Musk-themed meme coin to launder proceeds from the Binance hack. The scheme adds a new layer to the ongoing fallout from the exchange breach and highlights how meme tokens can be abused for money laundering. Traders should watch for renewed regulatory scrutiny of meme coins and exchange compliance, which could weigh on sentiment around Binance-linked assets.