The Latest Breaking News from Elliptic

Hackers with possible links to Israel have drained more than $90 million from Iran’s largest cryptocurrency exchange Nobitex and leaked company data

Nobitex hit by Predatory Sparrow hacking group in never-before-seen attack that made cryptocurrency irretrievable

WazirX has lost over $230 million in cryptocurrencies to an exploit tied to the notorious North Korea-linked Lazarus Group, raising fears that chances for the stolen funds to be recovered are low.

U.S. senators Warren and King Jr. have once again asked the Biden administration to provide details about the extent of Iran's crypto mining industry, which they said was being used to evade sanctions and fund terrorism.

Elliptic shared the progress it made in studying the use of AI in detecting illicit activities in the crypto space, and this time, its machine learning model was able to help identify money laundering movements using Bitcoin, the world's most popular digital asset.

The U.S. Treasury has debunked a Wall Street Journal report that implied Hamas, the terror group that raided Israel on Oct. 7 and murdered more than a thousand people, received millions in cryptocurrency for nearly a two-year period before the massacre.

Tether, not Bitcoin, seems to be the new global center of gravity for illicit financing networks.

Warren's failure to acknowledge a mistake is understandable. The Journal's is less so.

The US and Israel have stepped up their efforts to limit cryptocurrency transfers to Hamas since the group’s brutal October 7 attacks on Israel. Bitcoin, Dogecoin and Ethereum are increasingly blamed as conduits of funding for Islamist groups, but to what extent is this justified?