Last month, hackers who were likely working on behalf of North Korea absconded with billions in stolen cryptocurrency after breaking into Binance, the world’s largest crypto exchange. Now, according to the crypto research firm Elliptic, Pyongyang is using meme coins to launder the hijacked funds.

The Binance heist is the biggest in crypto history, with hackers making off with $6.3 billion in crypto coins in just 20 minutes after months of complex planning.

As outlined in a blog post, Elliptic found that the isolated authoritarian nation is now minting meme coins — speculative…