Several financial institutions in the U.S. are “are seriously considering launching some type of cryptocurrency service,” an Elliptic co-founder said.
Category: Elliptic
Darknet’s JokerStash Retiring After Making Over $1B Through Illicit Transactions
Crypto sleuthing firm Elliptic says one of the world’s most prolific cybercriminals is going out on its own terms.
Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says
In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive.
Over 13% of Bitcoin Crime Proceeds Laundered Through ‘Privacy Wallets’: Elliptic
The number of crypto criminals using so-called privacy wallets to help hide their identities is on the rise, according to analytics firm Elliptic.
Darknet Markets Face Headwinds After Year of Mixed Results
Darknet markets are falling off the radar and watching their customer base level off.
$1 Billion Silk Road Bitcoin Moves for First Time in Five Years
At least 69,369 bitcoins, worth about $955 million, were on Wednesday moved from a wallet address that may be linked to the collapsed Silk Road darknet marketplace. This is the first time that the funds have moved from the address — bitcoin’s fourth largest — since April 2015. The address has long been a target […]
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Nearly $1B in Bitcoin Moves From Wallet Linked to Silk Road
A wallet possibly belonging to early darknet market Silk Road moved almost $1 billion-worth of bitcoin early on Wednesday.
Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced
Elliptic says the Kucoin hacker has sold $17.1 million worth of tokens via decentralized exchanges (dex) platforms like Uniswap, Kyber Network, Tokenlon. The shift to dex applications comes after centralized projects came to the aid of the beleaguered exchange by blocking any cashing out of the hack related funds. For the past few days, the […]
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Federal Agents Arrest Suspected 17-Year-Old Twitter Hack ‘Mastermind’ in Florida
On Friday a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack that saw a great number of high profile accounts compromised. The hack also netted roughly $120,000 worth of bitcoins by leading unknowing individuals to doubler scams. The suspect Graham Clark has been charged with […]
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Amir Taaki Knocks Bitcoin Coinjoin Schemes – Calls Methods ‘Absolute Garbage’
On July 17, the well known Dark Wallet creator and early Bitcoin developer, Amir Taaki, criticized bitcoin privacy methods on Twitter. Taaki claimed that UTXO mixing concepts like Coinjoin were “absolute garbage.” Taaki also knocked other concepts like Mimblewimble and privacy-centric coins like monero as well, claiming that zero-knowledge accumulators will be the “anonymous gold […]
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