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.
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.
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.
Russian authorities have clamped down yet another batch of dark web sites, this time targeting online marketplaces for stolen credit card information.
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.
Elliptic has released a new report in which it discusses why criminals are opting to use privacy wallets over mixers to launder money.
BEP-2 tokens—Binance’s equivalent to ERC-20 tokens—will now be monitored by London-based blockchain analytics firm Elliptic.
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 laid off 39 workers in a bid to focus on profitability, mostly on its R&D division, despite several recent positive moves