Crypto donations raised by Hamas ‘remain tiny,’ says 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.“There is no evidence to support the assertion that Hamas has received significant volumes of cry ...
Crypto Money Laundering Hits $7 Billion, Outpacing Earlier Projections
Crypto laundered through coin swaps, bridges, and decentralized exchanges (DEXs) has reached $7 billion, according to a report by analytics firm Elliptic. This figure surpassed the firm's previous estimate of $6.5 billion by the end of 2023 and had already been reached as of July 2023. Criminals are ...
Elliptic integrates ChatGPT to bolster crypto risk detection
Cryptocurrency risk management firm Elliptic has integrated ChatGPT to ramp up its efficiency in detecting crypto threats – a move which comes amid other crypto firms reporting mixed results in its implementation.Elliptic provides risk assessments to crypto users regarding transactio ...
Elliptic Reveals Massive Network of Fentanyl Precursor Manufacturers Accepting Cryptocurrency Payments
Elliptic found 90 manufacturers willing to supply fentanyl precursors 90% of them accept cryptocurrency, mostly BTC They have received about $27 million in CA since the beginning of the year In China, fentanyl has been banned since 2019, but clandestin ...
Chinese Fentanyl Labs Sell Opioid Precursors Overseas for Cryptocurrencies, Reveals Elliptic
According to analytics company Elliptic, more than 90 Chinese chemical laboratories that make the opioid analgesic fentanyl sell it in bulk overseas, accepting payment in bitcoin and stabelcoin USDT. Elliptic researchers analyzed some of the cryptocurrency addresses with ...