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Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions
1.5.2024
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab
North Korean Hackers Used Tornado Cash to Launder $12M From Heco Bridge Hack: Elliptic
14.3.2024
Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}
Wall Street Journal corrects article misciting Hamas' crypto terrorism funding data
28.10.2023
Elliptic, the firm which Wall Street Journal sourced the data from, said it was “pleased” to see the news outlet acknowledge its mistakes
Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued
26.10.2023
After Hamas' deadly attacks in Israel, media reports linked the terrorist group with tens of millions in crypto donations, but that data was misinterpreted and hugely exaggerated, according to the blockchain analytical firm that was cited
Blockchain Forensics Firm Elliptic Challenges Reports on Crypto’s Role in Terrorism Funding
26.10.2023
Recent reports suggesting that crypto has played a significant role in terrorism funding have been debunked by blockchain forensics firm Elliptic. According to a report by Elliptic published this week, the transparency and traceability of the blockchain make it challenging for terrorist groups like...
Research Firm Elliptic Links FTX Hack to Russian Attackers
13.10.2023
Research by blockchain intelligence firm Elliptic has revealed potential links between the FTX hacking incident last November, which resulted in an estimated $400 million loss, and Russian-based cybercrime groups.
The majority of the stolen assets, primarily in Ether (ETH), had remained dormant...
Elliptic: FTX Hacker Laundered Stolen Crypto Funds Through Russian Crime Networks
12.10.2023
Close to a year has passed, and the hacker responsible for the staggering $477 million heist from the now-defunct crypto exchange FTX still remains elusive. Yet, Elliptic, a leading blockchain analytics firm, has meticulously mapped the intricate journey of the stolen funds, shedding light on...
Cybercriminals Use Dexs and Crypto Cross-Chain Services to Launder $7 Billion — Elliptic
10.10.2023
According to the findings of a research study by Elliptic, cybercriminals are believed to have used crypto cross-chain bridges and coin swap services to launder $7 billion worth of “illicit or high-risk funds.” The Lazarus Group, a cybercriminal organization said to be backed by North...
Elliptic Report Reveals $7 Billion in Crypto Laundering via DEXs and Bridges
6.10.2023
A recent report from blockchain surveillance firm Elliptic has uncovered that $7 billion in "illicit or high-risk funds" has been laundered through decentralized exchanges (DEXs), cross-chain bridges, and non-KYC exchanges.
This staggering sum was already reached by July of this year, exceeding...
Criminals more reliant on cross-chain bridges than ever after mixer crackdowns
20.9.2023
The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, but that is now accelerating even faster than projected
Bitcoin no longer asset of choice for criminals - former Elliptic crypto advisor
21.7.2023
Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility
Fentanyl Ingredients Sold for Crypto by Chinese Labs
23.6.2023
Chinese chemical producers are accepting cryptocurrency as payment for fentanyl ingredients they sell to drug organizations worldwide.
Researchers at crypto analytics platform Elliptic have found over 90 Chinese chemical companies that sold fentanyl precursor chemicals and advertised their...
Atomic Wallet hackers turn to OFAC-sanctioned Garantex: Elliptic
13.6.2023
Stolen loot crypto from Atomic wallets has started passing through sanctioned Russian-based exchange Garantex, according to Elliptic
Atomic Wallet Was Breached by North Korean Hackers: Elliptic
7.6.2023
Wallets that siphoned Atomic users' funds are connected to the known Lazarus group's addresses, crypto tracing firm said
Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic
6.6.2023
Stolen crypto from Atomic wallets is already on the move to mixers according to Elliptic
Elliptic to Utilize Chatgpt in Intelligence Gathering
4.6.2023
Blockchain analytics company Elliptic said it’s going to use Openai’s Chatgpt to support its intelligence gathering and research. The AI-based language model will allow its experts to speed up and expand the analysis of new risks related to crypto assets. Blockchain Forensics Firm Elliptic...
Why Elizabeth Warren Is Wrong About Crypto and the Fentanyl Epidemic
1.6.2023
Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers
24.5.2023
Reports from Chainalysis and Elliptic point to the trade for fentanyl precursors and fentanyl itself being fuelled by crypto
Japan leads world in losses from North Korean crypto hacking with 30% of total: Report
15.5.2023
An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hacker and ransomware users; lax security played a role
Satoshi’s Math: How Bitcoin’s Use of Mathematical Tools Ensures System Consistency
26.4.2023
Over 14 years ago, Satoshi Nakamoto unveiled the Bitcoin network to the world, creating the very first triple-entry bookkeeping system known to mankind. This technological wonder, with a current market value of $540 billion, ingeniously integrates encryption and mathematical formulas to fortify...