Stablecoins are fast becoming a mainstream payment vehicle and not just for legitimate transactions. Criminals, like everyone else, would rather avoid currency risk as they move large sums of money…
At least $21.8 billion in illicit or high-risk crypto has flowed through crosschain swaps, up from $7 billion in 2023, according to estimates by UK-based blockchain analytics firm Elliptic. Elliptic…
In brief
Blockchain intelligence firm Elliptic has become a member of the Internet Watch Foundation, a nonprofit set up to address online child sexual abuse materials.
In a 2024 report, the IWF…
Key Points:Elliptic exposes Xinbi Co. Ltd’s links to an illegal Telegram market.Market facilitated $8.4 billion in transactions.Linked to Southeast Asian scams and North Korean hackers.
Xinbi Co. Ltd, registered in Colorado,…
A Colorado-incorporated firm has been linked to a Chinese illicit marketplace that has served scammers in Southeast Asia and has been used to channel billions of dollars worth of crypto.The…
Huione Group, the Cambodia-based conglomerate that the U.S. Treasury Department wants to cut out of the U.S. financial system, received $98 billion worth of crypto since 2014 through illicit schemes…