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A hacker associated with the recent Bybit exchange breach is reportedly laundering stolen funds through meme tokens. The hacker transferred 60 SOL to launch a token named QinShihuang, which has generated trading volumes exceeding $27 million. Reports indicate that the attacker moved approximately $1.08 million to the Solana blockchain before distributing the funds across multiple wallets. The laundering operation appears to involve the use of the Pump Fun platform for issuing these meme tokens, with the QinShihuang token being a key focus of the investigation.
🚨JUST IN: Bybit Exploiter is laundering funds through memecoins on https://t.co/VS31GZ2FXq. The exploiter sent 60 SOL to a wallet that launched the QinShihuang (500000) token, which has already seen over $27M in trading volume. https://t.co/DUvMRXrKhf
Bybit hacked funds launderer tied to Pump Fun memecoins https://t.co/LCR5tVOHGu https://t.co/OwMXxjfr84
🚨BREAKING: According to @zachxbt, an entity that previously launched meme coins on https://t.co/VS31GZ2FXq is laundering funds from the @Bybit_Official hack. The attacker moved $1.08M to Solana before bridging funds across chains and splitting them among multiple wallets. https://t.co/Sh6ahGFCDE
