Elliptic Financial News

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.

Recent reports suggesting that crypto has played a significant role in terrorism funding have been debunked by blockchain forensics firm Elliptic.

Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel.

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.

Crime in Web3 is shifting away from Bitcoin (BTC) to stablecoins while ponzi schemes remain prevalent, according to Elliptic’s former head of technical crypto advisory.

Chinese chemical producers are accepting cryptocurrency as payment for fentanyl ingredients they sell to drug organizations worldwide.

Atomic Wallet service, cryptocurrency analytics firm Elliptic said Tuesday. In a blog post, Elliptic said that more than 5,500 digital wallets were hit by the hackers, who the firm said were part of the North Korean cybercrime gang often called Lazarus.North Korea's mission to the United Nations in New York did not immediately respond to a request for comment, although Pyongyang has in the past denied carrying out digital thefts. Atomic Wallet did not immediately return messages seeking comment. The company, which says it is based in Estonia, has previously said that it «received reports of wallets being compromised» and that it hired another cryptocurrency analytics firm, Chainalysis, to investigate the incident and track down stolen funds. Chainalysis declined comment.

Crypto risk management firm Elliptic has integrated ChatGPT to ramp up its accuracy and speed in detecting crypto threats – a move which comes amid other crypto firms reporting mixed results in its implementation.

Japan is the biggest loser of cryptocurrency to North Korean hackers, according to a study by blockchain analyst Elliptic. Asian countries make up three of the four top targets for the so-called Hermit Kingdom’s hackers, Elliptic found.

Blender, the cryptocurrency mixer sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control in May 2022, was “highly likely” relaunched as Sinbad, according to risk management firm Elliptic.

Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or NFTs, starting in 2021.