News linked to both this project and an event.
Odaily reports: Blockchain analytics firm Elliptic has launched an AI product called Pulse, which allows frontline law enforcement officers to input a wallet address or transaction hash and receive a plain-language summary of fund flows within seconds, without requiring any blockchain expertise.For further investigation, law enforcement officers can, with a single click, transfer the results — including analytical reasoning and on-scene case number records — into Elliptic's screening and forensic tracing tools, or integrate them into their own agency workflows. Elliptic states that the final judgment remains with law enforcement officers. (Decrypt)
Odaily News: Cambodia has for the first time publicly revealed the internal operations of the scam compound "Park 8," the largest fraud city in Cambodia, capable of housing up to 20,000 workers who have been trafficked and forced to engage in online fraud. It is operated by the Cambodian company Legend Innovation.Blockchain analytics firm Elliptic found that the operating company is linked to Prince Group. Legend Innovation is alleged to have connections to the US- and UK-sanctioned Prince Group through company phone numbers, director activities, and related business records. Specifically, the phone number registered to Legend Innovation previously appeared in the records of a real estate company allegedly belonging to the Prince Group network. A Huione Pay physical store was once operating inside the compound, allowing people to exchange cryptocurrency and cash, while Huione Logistics was alleged to provide freight services between Thailand, Vietnam, Cambodia, and the compound. (Caixin)
According to Caixin, Cambodia has publicly disclosed the inner workings of the telecom fraud compound known as "Zone 8" for the first time. Dubbed a "scam city," it is Cambodia's largest fraud operation, capable of housing up to 20,000 individuals trafficked and forced to engage in online fraud. The site is operated by the Cambodian company Legend Innovation. Blockchain analytics firm Elliptic's investigation revealed that the operator is linked to Prince Group. Legend Innovation is alleged to maintain ties with the US- and UK-sanctioned Prince Group through corporate phone numbers, director activities, and related business records. Notably, the registered phone number used by Legend Innovation previously appeared in documents concerning a real estate company alleged to be part of Prince Group's network.
According to the South China Morning Post, researchers from the People's Public Security University of China have developed an AI framework capable of detecting illegal cryptocurrency transactions, with an overall accuracy of 89.4%, a precision of 89.1% for illegal transactions, and a recall rate of 64.5%. The system combines dynamic graph neural networks, memory modules, and large language models. By analyzing transaction structures, fund flows, and historical illegal transaction patterns, it generates risk scores and reasoning chains, providing regulatory agencies with a traceable basis for decision-making. The research results were published in the peer-reviewed journal Journal of Intelligence, with the test dataset sourced from the public Elliptic Bitcoin transaction dataset, containing over 200,000 transaction nodes.
Elliptic (@elliptic) officially announced that blockchain analytics company Elliptic has received strategic investment from Circle Ventures. Previously, the company completed a $120 million Series D funding round in May this year, led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and British Commercial Bank. Meanwhile, Circle has officially joined Elliptic's Agentic Design Partner Program. The program brings together infrastructure providers, compliance institutions, and technical teams to jointly develop compliance solutions for AI agents. Elliptic noted that AI agents differ from traditional bots, as they can set goals autonomously and make independent decisions. Their operating speed and scale have far exceeded the capacity limits of manual compliance systems, urgently requiring specialized solutions to address.
According to CoinDesk, Simone Maini, CEO of blockchain analytics firm Elliptic, stated that the biggest emerging risk to crypto security is not larger-scale hacking attacks, but rather AI-driven financial activity operating at a speed and scale that human compliance teams cannot keep up with. As AI lowers the barriers to hacking, scams, and fraud, security firms like Elliptic are responding by deploying AI agents to analyze on-chain data in real time—sparking an automated arms race between adversaries and defenders. Maini noted that current compliance systems remain heavily reliant on manual review, and the global pool of compliance analysts specializing in digital assets is simply insufficient to meet future demand. Elliptic has raised $120 million in funding—including from Nasdaq and Deutsche Bank—to build an “agent-based compliance system” that leverages AI to automate transaction monitoring and investigation workflows, thereby reducing the cost per alert and per investigation.
Odaily Odaily: Blockchain analytics company Elliptic has completed a new $120 million funding round at a valuation of approximately $670 million. The round was led by One Peak Partners, with participation from Deutsche Bank, the venture arm of Nasdaq, and the British Business Bank. Existing investors, including JPMorgan Chase, also followed on.Founded in 2013, Elliptic provides crypto transaction monitoring and anti-money laundering (AML) and sanctions compliance tools for financial institutions and law enforcement agencies. The company currently screens over 1 billion transactions weekly for more than 700 clients, supporting the compliance operations needed for large banks, asset managers, and fintech companies to conduct digital asset business.
U.S. law firm Gibbs Mura has launched a class-action litigation investigation into the April 1, 2026, hack of Drift Protocol, reviewing potential investor claims against Circle Internet Financial. The attack resulted in the theft of approximately $280–285 million in assets. The attacker subsequently used Circle’s Cross-Chain Transfer Protocol (CCTP) to bridge over $230 million worth of USDC to Ethereum—Circle took no action to freeze the funds throughout the incident. Notably, just nine days prior, Circle had voluntarily frozen 16 business wallets in a separate civil dispute. Blockchain analytics firm Elliptic suspects the attack was carried out by a North Korea–backed hacking group. As a result of the breach, Drift Protocol’s total value locked (TVL) plummeted from $550 million to below $250 million, the DRIFT token price dropped more than 40%, and at least 20 DeFi protocols suffered indirect losses.