Blockchain analytics firm Elliptic has released a report accusing the Cambodia-based marketplace Huione Guarantee of enabling money laundering and other illicit activities. Since its inception in 2021, crypto wallets associated with Huione Guarantee and its independent merchants have reportedly received over $11 billion, which is suspected of involving fraudulent transactions.
Gate.io, a top cryptocurrency exchange and Web3 innovator, today announced it has enlisted Elliptic, the leading provider of blockchain analytics and investigative solutions, to strengthen its compliance program. Through this collaboration, Gate.io is integrating Elliptic’s comprehensive suite of blockchain monitoring solutions to fortify its network of compliance providers, demonstrating the
15 million cryptocurrency addresses were also linked to Russian criminal activities. According to Robinson, there is a debate over the magnitude of crypto use. Elliptic, a company specializing in blockchain analytics and security, collaborates with law enforcement to identify cryptocurrency wallets linked to banned persons or groups. A wallet with
Bitcoin Mining in Iran may reach over $1 billion in revenue Iran currently holds accounts for 4.5% of Bitcoin mining. Iran-based miners paid directly in Bitcoin. The regulated mining activities in Iran maybe reach more than $ 1billion in revenues. This may help the country elude economic sanctions inflicted by
On August 18, Elliptic added Binance Chain to its blockchain analytics and crypto asset risk monitoring platform to track any possible illegal activities committed on its blockchain. Elliptic was the only known blockchain forensics and risk intelligence tool that can support the Binance coin (BNB) and all tokens on the
