A firm registered in Colorado has been implicated in an expansive crypto-fueled black market operation serving Southeast Asian scammers, according to a report by blockchain security firm Elliptic. The marketplace, known as Xinbi Guarantee, has facilitated at least $8.4 billion in mostly Tether (USDT) transactions to date. Operated via Telegram ...
Blockchain security firm Elliptic has reported that the massive $1.46 billion stolen from Dubai-based crypto exchange Bybit is now being laundered, with hackers employing complex tactics to obscure their tracks. According to a blog post by Elliptic, the attack, attributed to North Korea’s Lazarus Group, follows a familiar pattern. Cybercriminals ...
Blockchain analytics firm Elliptic has released a report alleging that Cambodia-based crypto marketplace Huoine Guarantee is involved in facilitating money laundering and other illicit activities. The report, published on Wednesday, July 10, 2024, claims that Huoine Guarantee has played a role in laundering proceeds from global scams. Transactions linked to ...
