North Korean Hackers Turn to Memecoins as xStocks Eyes Hong Kong Expansion
Edited by Steinar Vigdel Kolnes, Editor, Oslo
North Korean hackers are reportedly using memecoins to move stolen funds, while xStocks prepares to expand its tokenized equity lineup.
North Korean-linked hackers have reportedly launched memecoins as part of efforts to launder cryptocurrency stolen during a Binance-related hack, according to Cointelegraph.
The activity highlights the continued use of crypto tokens and decentralized markets by cybercrime groups seeking to obscure the movement of illicit funds.
Separately, tokenized asset platform xStocks plans to add hundreds of Hong Kong-listed equities to its offering in the coming weeks, expanding its coverage beyond its existing products.
The two developments reflect contrasting trends across Asia's crypto sector, from illicit onchain activity to broader efforts to bring traditional securities onto blockchain-based platforms.
Source: Cointelegraph
