Elliptic
Billions in crypto are moving in Iran. Analysts can't agree if it's war-time panic or business as usual.
When airstrikes hit Iran on Feb. 28, crypto outflows from Nobitex spiked 873%, suggesting a "digital bank run" was ongoing. The reality may be more complex.
Iranian crypto outflows jump 700% minutes after U.S.-Israeli airstrikes, Elliptic says
The blockchain analytics firm said flows from Iran’s largest exchange spiked immediately after U.S.-Israeli strikes on Tehran, pointing to possible capital flight.
Elliptic flags Russia-linked crypto platforms’ ongoing sanctions evasion
Bitpapa, Garantex and ABCeX were among the cryptocurrency exchanges linked to Russian-tied transactions circumventing Western evasions.
Iran’s central bank bought $507 million USDT to underpin rial, report finds
Elliptic traced more than $500 million in USDT tied to Iran’s central bank, suggesting the stablecoin was used to manage foreign-exchange pressures and build a “sanctions-proof” alternative to dollar banking.
Elliptic Warns of Industrial-Scale Pig Butchering Scams Laundering Through Crypto
The 2025 Typologies Report outlines laundering tactics, mule account patterns and cross-chain transfers.
Elliptic Lands HSBC Investment, Extending Big Bank Backing in Blockchain Analytics
The London-based firm says the deal underscores growing institutional demand for blockchain oversight as banks move deeper into digital assets.
Elliptic Unveils Crime-Tracking Tool as Stablecoins Enter the Mainstream
The blockchain analytics specialist has released a due diligence product for stablecoins that's tailored to banks and compliance departments.
Telegram Shuts Down 'Largest Illicit Online Marketplace' After Elliptic's Insights
Telegram has now shut down both Haowang and Xinbi, which processed a combined $35 billion of illicit transactions in stablecoins
1 in 5 Cross-Chain Crypto Investigations Involve More Than 10 Blockchains, Elliptic Finds
Hopping from chain to chain is a common obfuscation tactic for criminals trying to cover their tracks, Elliptic CTO Jackson Hull said.
Wallets Linked to Global Scams on Cambodia's Huione Guarantee Collect $11 Billion: Report
The online platform is said to be linked to the nation's ruling family and allegedly hosts posts offering services including deepfake scams, money laundering and so-called pig butchering.
