Elliptic stablecoin tracking solution visualizes secure cross-chain movements for enhanced crypto compliance.
Blockchain News

Revolutionary Elliptic Stablecoin Tracking Solution Enhances Crypto Compliance

Stablecoins have emerged as a cornerstone of the digital economy. These digital assets, pegged to traditional currencies, offer stability within the volatile crypto market. However, their rapid growth also presents unique challenges, particularly in monitoring their movement across various blockchain networks. Ensuring transparency and compliance is paramount for the integrity of the financial system. This […]

A complex digital network showing the flow of crypto laundering through cross-chain swaps, highlighting the challenge of tracking illicit funds.
Blockchain News

Alarming Surge: Crypto Laundering Via Cross-chain Swaps Soars 211%

The world of cryptocurrency, celebrated for its innovation and decentralization, faces a formidable challenge: the escalating tide of crypto laundering. A recent report from blockchain analytics firm Elliptic, as highlighted by Cointelegraph, reveals a truly alarming trend. The use of cross-chain swaps for illicit financial activities has not just risen, but soared by an astounding […]

Urgent: Telegram Shuts Down Channels Tied to $35B Crypto Crime Networks
Blockchain News

Urgent: Telegram Shuts Down Channels Tied to $35B Crypto Crime Networks

Imagine a hidden world facilitating billions in illicit transactions, deeply embedded within platforms many use daily. That world just got a jolt. Following a critical report from blockchain analytics firm Elliptic, Telegram has taken significant action against channels linked to massive crypto crime networks. This crackdown highlights the ongoing battle against the misuse of cryptocurrencies […]

Shocking Elliptic Report Exposes Xinbi's $8.4 Billion Crypto Laundering Operation
Blockchain News

Shocking Elliptic Report Exposes Xinbi’s $8.4 Billion Crypto Laundering Operation

Imagine a single online entity facilitating billions of dollars in illicit financial activity. That’s the alarming picture painted by a recent Elliptic report concerning the online marketplace known as Xinbi Guarantee. According to the blockchain security firm Elliptic, Xinbi has been implicated in a staggering $8.4 billion worth of crypto laundering, primarily utilizing the stablecoin […]