Elliptic


Opinion

Why Elizabeth Warren Is Wrong About Crypto and the Fentanyl Epidemic

Chainalysis and Elliptic have found that crypto is useful for crime, but that’s hardly an argument for banning it.

Sen. Elizabeth Warren (D-Mass.) has been a longtime crypto critic. (Gage Skidmore)

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Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers

Law enforcement around the world has long pointed to China as being a source of deadly fentanyl as well as the precursors used to manufacture it. New research from both Chainalysis and Elliptic have put a number on how much of this trade is done in crypto. "The Hash" panel discusses the illicit use of cryptocurrencies.

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Finance

Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers

Reports from Chainalysis and Elliptic point to the trade for fentanyl precursors and fentanyl itself being fueled by crypto.

Crypto flows to China-based fentanyl precursor suppliers (Chainalysis)

Finance

Binance and Huobi Freeze $1.4M in Crypto Tied to Harmony Bridge Theft

Tracing firm Elliptic said it followed the money through Tornado Cash.

(RyersonClark/Getty Images)

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Hackers Moved Funds Tied to $100M Harmony Exploit Over the Weekend: Report

Pseudonymous blockchain sleuth ZachXBT said a part of the funds tied to last year’s $100 million Harmony network attack worth $63.5 million (~41,000 ETH) was moved over the weekend. North Korea’s Lazarus Group was likely behind the hack, according to an analysis by blockchain research firm Elliptic. "The Hash" panel discusses the latest in the world of crypto crime and private DeFi.

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ARK Fintech Innovation ETF Buys More Coinbase; Wasabi Wallet's Alleged Role in China BTC Bribery Scheme

ARK’s Fintech Innovation Fund (ARKF) has added 10,880 more shares of Coinbase (COIN) to its holdings to a total $60.5 million. Rishi Sunak has been appointed U.K.'s next prime minister following Liz Truss’ controversial exit from office last week. Guochun He and Zheng Wang allegedly used coin mixing wallet Wasabi Wallet to cover bribing a U.S. double agent with $61,000 in bitcoin, analytics firm Elliptic says.

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Chinese Intelligence Officers Allegedly Used Wasabi Wallet in Bitcoin Bribery Scheme

Guochun He and Zheng Wang, the two Chinese intelligence officers charged with obstructing justice for allegedly bribing a U.S. double agent with $61,000 in bitcoin, used coin mixing wallet Wasabi Wallet to try to cover their tracks, analytics firm Elliptic says. "The Hash" panel discusses the latest developments.

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Finance

Crypto Tracer Elliptic Hires Software Veteran Jackson Hull as CTO

Hull takes over a role previously held by Elliptic’s co-founder James Smith.

Elliptic has hired Jackson Hull as its chief technology officer. (Danny Nelson/CoinDesk)

Finance

NFTs Worth $100M Reported Stolen Over Past Year: Elliptic

Thefts in May 2022 topped the list in in terms of value with 3,473 NFTs worth $23.9 million stolen.

(Gerd Altmann/Pixabay)

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Elliptic Exec Breaks Down the Tornado Cash Saga

Blockchain analytics firm Elliptic calculates $1.54 billion in ether (ETH) and USD Coin (USDC) were laundered through Tornado Cash, the crypto mixer now sanctioned by the U.S. Treasury department. Elliptic Director of Regulatory Affairs David Carlisle dives into the numbers and the key takeaways for the wider crypto markets.

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