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Moody’s, Elliptic join forces for enhanced VASP risk screening

[Aug 19 8:57 PM] The companies will combine their strengths to provide enhanced virtual asset service providers screening ability.

Wallets Linked to Global Scams on Cambodia's Huione Guarantee Collect $11 Billion: Report

[Jul 10 5:39 AM] Huione Guarantee, a Cambodian online financial platform linked to the nation's ruling family, is a marketplace enabling the global scam economy, particularly pig-butchering scams, to the tune of $11 billion, a report by Wired alleges.

Elliptic exposes $11B scam network via Huione Guarantee

[Jul 10 3:39 AM] Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether (USDT) transactions.

Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions

[May 1 7:00 AM] 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

[Mar 14 9:58 AM] 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

[Oct 27, 2023 7:58 PM] 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

[Oct 26, 2023 8:04 AM] 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.

Elliptic: FTX Hacker Laundered Stolen Crypto Funds Through Russian Crime Networks

[Oct 12, 2023 12:00 PM] 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…

Cybercriminals Use Dexs and Crypto Cross-Chain Services to Launder $7 Billion — Elliptic

[Oct 10, 2023 5:30 AM] 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…

Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

[Sep 19, 2023 10:45 PM] The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, which is accelerating even faster than projected.

Bitcoin no longer asset of choice for criminals - former Elliptic crypto advisor

[Jul 21, 2023 3:10 AM] Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility.

Atomic Wallet hackers turn to OFAC-sanctioned Garantex: Elliptic

[Jun 12, 2023 10:01 PM] 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

[Jun 6, 2023 4:48 PM] 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

[Jun 5, 2023 11:55 PM] Stolen crypto from Atomic wallets is already on the move to mixers according to Elliptic.

Elliptic to Utilize Chatgpt in Intelligence Gathering

[Jun 4, 2023 12:00 PM] 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…

Why Elizabeth Warren Is Wrong About Crypto and the Fentanyl Epidemic

[Jun 1, 2023 12:59 PM]

Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers

[May 24, 2023 7:00 AM] 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

[May 15, 2023 1:21 PM] An 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.

Ukraine Raises More Crypto Than Russia in Year of War, Analysis Unveils

[Feb 26, 2023 4:00 PM] The two sides in the bitter conflict in Ukraine have been relying on crypto assets and technology to support their military and humanitarian activities, Elliptic says in a report. According to the blockchain forensics company, the targeted nation…

Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers

[Feb 14, 2023 11:22 PM] The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.

Crypto mixer Blender has been rebranded to Sinbad, says Elliptic

[Feb 13, 2023 2:30 PM] Elliptic'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.

Darknet Market Solaris Hacked by Competitor, Elliptic Reveals

[Jan 22, 2023 12:30 AM] A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a…

Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges

[Jan 16, 2023 9:00 AM] On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum…

Into the storm: The murky world of cryptocurrency mixers

[Dec 7, 2022 9:04 AM] A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.

Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them

[Nov 30, 2022 8:00 AM] Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions.

Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event

[Nov 25, 2022 3:30 PM] Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for…