Elliptic Reveals $11B Fraud Network On Huione Guarantee Market
Elliptic’s report exposes how the Huione Guarantee market enables big money laundering and cyber scams through Tether (USDT) transactions. Huione Guarantee , an online marketplace operated by the Cambodian conglomerate Huione Group, has been accused of facilitating online fraud in Southeast Asia. According to the most recent Elliptic Research report, the platform conducted transactions that […]
Elliptic Report Shows AI-crypto Crime is Only Just Starting
An Elliptic report has revealed that the exploitation of AI for deep fake schemes, state-sponsored attacks, and other illicit crypto crimes is only in its beginning phase. The report references a disquieting advertisement for an “unethical” GPT on the dark web, which asserts that “AI has two faces, just like humans.” The report emphasizes the […]
Elliptic: Hamas Did Not Raise Millions in Crypto
Elliptic, a blockchain analytics firm, has debunked the claims that Hamas raised millions of dollars via crypto to fund its attacks on Israel. Elliptic said that crypto donations to Hamas are insignificant compared to other funding sources. Elliptic’s report was prompted by an article published by the Wall Street Journal on Oct. 10, which alleged […]
FTX hacker ranks 35th in largest ETH holding accounts
According to blockchain intelligence firm Elliptic, the troubled FTX exchange’s accounts were raided for more than $663 million in various crypto assets elevating the hacker to the rank of “Ether ETH whale.”. Elliptic estimated that $477 million of this was stolen, with a significant portion of those tokens being converted into ETH, and that FTX […]
Blockchain Forensics Company Elliptic Discovers Millions Of Dollars In Sanctioned Crypto Wallet
Elliptic finds a fraudulent crypto wallet holding crypto assets worth millions of dollars. Elliptic, a blockchain security and forensics firm has been collaborating with authorities to disclose crypto wallets linked to sanctioned individuals or groups. The London-based firm uncovered a wallet with “substantial crypto-asset holdings” in the millions of dollars that could be tied to […]