Estimated $4B laundered via DEXs, coin swaps and bridges: report
Elliptic says that coin swaps cater almost exclusively to criminals and moved $1.2 billion while cross-chain bridges were used to move over $750 million.
Latest Elliptic News
Elliptic: $100M in NFTs stolen via scams in the past year
Elliptic’s research found that an NFT scam netted the scammers $300,000 on average over the past year, with Bored Apes and OpenSea featuring prominently.
Elliptic’s probe links $100M Horizon bridge exploit to North Korean hackers
According to Elliptic, the methods used by the hackers in carrying out the hack and laundering the funds are reminiscent of other incidents that have been linked to the Lazarus Group.
Russia shuts down 3 dark web sites with reported $263M in digital currency proceeds
Russian authorities have clamped down yet another batch of dark web sites, this time targeting online marketplaces for stolen credit card information.
Dark web operator JokerStash retires after making $2.9B in BTC: report
Known only by his pseudonym JokerStash, he allegedly operated the world’s largest stolen credit cards marketplace. An analytics firm estimates he made at least $2.9 billion in BTC.
Why criminals are using privacy wallets in place of mixers
Elliptic has released a new report in which it discusses why criminals are opting to use privacy wallets over mixers to launder money.
Blockchain analytics firm Elliptic now monitors Binance Chain
BEP-2 tokens—Binance’s equivalent to ERC-20 tokens—will now be monitored by London-based blockchain analytics firm Elliptic.
This week in tech: More countries implement positive regulations
As more industries continue to adopt blockchain and cryptos, authorities are striving to keep up with Belgium, Germany, Japan and more making moves this week.
Chainalysis lays off 20% of workforce to focus on profitability
Chainalysis laid off 39 workers in a bid to focus on profitability, mostly on its R&D division, despite several recent positive moves
Elliptic raises $23 million Series B as it targets Asian market
The company will use the funding to expand into new markets, key among them Asia.