Elliptic

U.S. Deputy Treasury Secretary Wally Adeyemo debunked the notion that cryptocurrencies predominantly finance terrorist organizations. In a conversation with RUSI's Centre for Financial Crime and Security Studies, he clarified traditional banking systems remained the primary channel...

The Islamist-group Hamas and its affiliates have reportedly received substantial amounts of cryptocurrency donations.  What Happened: According to Elliptic, a blockchain analytics platform, Hamas received a staggering $41 million in cryptocurrency donations between August 2021 and June 2023,...

With criminals constantly adapting their tactics to stay ahead of law enforcement, a new report highlighted a significant shift in the methods used by bad actors to launder illicit crypto assets. The study, by crypto analytics firm Elliptic, revealed the value of illicit crypto...

OpenSea — the world's top non-fungible token (NFT) marketplace — is returning millions of dollars to users due to an alleged bug. What Happened: OpenSea is contacting and refunding users affected by what many believe to be a bug that allows other users to acquire NFTs...

One of the major reasons banks have been wary of accepting bitcoin as a viable currency has been the cryptocurrency's association with illegal activity — specifically money laundering. Because banks are responsible for keeping track of inflows and outflows and ensuring that the money hasn't come...