Elliptic Connect Weekly Update

Elliptic Connect Weekly Update

The Emerging Black Market for Stolen NFTs – And Why it Matters

An unwritten rule among scammers is to cash out stolen assets as soon as possible to obfuscate their trail. For non-fungible tokens (NFTs) – being traded on transparent blockchains where tracing can be easy – this holds even more true. However, some buyers are taking advantage of scammers seeking to rapidly dispose of stolen assets to “flip” them for a sizable profit.?Elliptic has analyzed the emergence of the stolen NFT black market?– and why it matters to NFT marketplaces – in its newly-released “NFTs and Financial Crime” report.

Head here to read our analysis https://hub.elliptic.co/analysis/the-emerging-black-market-for-stolen-nfts-and-why-it-matters/

Criminals Targeting DeFi, Warns FBI

The FBI has issued a public service announcement titled: “Cyber Criminals Increasingly Exploit Vulnerabilities in Decentralized Finance Platforms to Obtain Cryptocurrency, Causing Investors to Lose Money.” It called attention to the increasing prevalence of bad actors who are nefariously exploiting vulnerabilities in DeFi platforms to steal crypto. Elliptic’s Senior Policy Associate Kate Goldman breaks down what this means for compliance professionals.

Read more here https://hub.elliptic.co/analysis/crypto-regulatory-affairs-criminals-targeting-defi-warns-fbi/

How to Catch a Crypto Thief: With the Agent Who Brought Down Silk Road

TODAY 7th SEPTEMBER 10am EDT | 3pm BST | 4pm CEST | 10pm SGT

Join our webinar? today with Special Agent Gary Alford – IRS Criminal Investigation – to find out the new ways bad actors are evading detection on the blockchain.?

Gary Alford is the special agent who helped solve the $183 million Silk Road darknet marketplace case, which led to the arrest and double-life sentence of its creator Ross Ulbricht and seizure of his 174,000 Bitcoins.??

Gary will be joined by Elliptic team members: Co-founder James Smith; Director of Global Policy & Regulation Liat Shetret and Crypto Threat Analyst Arda Akartuna. Expect a lively and informative discussion!

Register here https://www.elliptic.co/webinars-events/catch-crypto-thief

Understanding Holistic Screening

Trace every transaction through the entire crypto ecosystem to gain?a truly holistic view of risk. It’s the only solution for compliance teams to programmatically scale risk assessment and operate effectively in a multi-asset world.?

Learn more about:

  • Multi-Asset Screening
  • Cross-Asset Tracing
  • Cross-Chain Tracing


Watch the VIDEO here https://info.elliptic.co/share/hubspotvideo/83126890119

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