Elliptic’s statement was framed as a rebuttal to recent articles and letters circulating among the media and U.S. lawmakers this month.
Elliptical News
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Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility.
14692Crypto risk management firm Elliptic believes ChatGPT will assist in scaling up intelligence and expose risks to crypto users that “they can’t get anywhere else.“
6607An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hackers and ransomware users; lax security played a role.
3877Elliptic’s analysis of wallets tied to a suspected Blender operator showed $22 million going to Sinbad as well as similar “characteristics of transactions” between the mixers.
8161A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.
7566Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions.
4085The firm reported that although the market downturn had caused the value of NFTs to “slump,” scammers stole an estimated 4,647 of the tokens in July 2022.
2177Attackers who hijacked Curve Finance’s landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers.
3738The blockchain analytics firm have amassed data points on 98% of the market's digital assets.
6556“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said.
7768A new report from Elliptic has found that unregistered securities offerings account for more than half of all crypto-related fines handed out by U.S. regulators.
4006Several financial institutions in the U.S. are “are seriously considering launching some type of cryptocurrency service,” an Elliptic co-founder said.
7248CEO Michael Ou says Elliptic’s wallet screening tools with CoolBitX’s Sygna Bridge could help firms comply with the FATF travel rule.
5312Huobi launches a tool to monitor illicit cryptocurrency transactions.
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