ChainCatcher news, financial research firm Moody's has announced a strategic alliance with blockchain analytics company Elliptic, aimed at enhancing risk screening for virtual asset service providers (VASPs).Moody's and Elliptic will use on-chain and off-chain data to provide additional background information and risk assessments for financial institutions and businesses. This solution leverages Elliptic's real-time on-chain data to classify the risks of illicit activities in digital asset transactions and integrates it with Moody's off-chain data in a unified risk engine.

ChainCatcher news, according to The Block, blockchain analysis company Elliptic released a report on Wednesday stating that the Cambodian market Huione Guarantee is suspected of money laundering and other criminal activities.Since its establishment in 2021, Huione and its merchants' crypto wallets have received at least $11 billion, primarily using Tether (USDT) for transactions. Elliptic pointed out that Huione executives are connected to Cambodian Prime Minister Hun Manet and claimed that the platform turns a blind eye to crimes such as money laundering and "sexual exploitation." Elliptic has identified and labeled hundreds of cryptocurrency addresses controlled by Huione, helping to prevent further money laundering activities.

ChainCatcher news, according to the official announcement, the world-leading cryptocurrency exchange Gate.io today announced a partnership with blockchain analytics provider Elliptic to comprehensively enhance its compliance management. In this collaboration, Gate.io will integrate Elliptic's blockchain monitoring solutions to further improve its security infrastructure and increase regulatory compliance.Dr. Han Lin, founder and CEO of Gate.io, stated that Elliptic's experience and solutions will further enhance Gate.io's compliance capabilities, assisting Gate.io in continuously strengthening user service quality and improving security, creating a more secure trading environment for users. James Smith, co-founder of Elliptic, believes that the cooperation between the two parties will promote the compliance process of global cryptocurrency exchanges.

ChainCatcher news, blockchain analysis company Elliptic stated that the data used to describe the scale of Hamas's cryptocurrency fundraising has been exaggerated. Since October 7, Hamas has only received $21,000 in new cryptocurrency donations, most of which have been frozen. "The unique traceability of these assets means that the amount raised is still very small compared to other sources of funding."It is reported that Elliptic has contacted The Wall Street Journal and U.S. Senator Elizabeth Warren regarding the false claims that Hamas raised millions of dollars through cryptocurrency. Previously, she had joined over 100 lawmakers in urging the Biden administration to address the issue of terrorism funding through cryptocurrency.

ChainCatcher news, hosting and tokenization technology provider Taurus announced a partnership with blockchain analytics company Elliptic to provide security and compliance for the market.As part of this collaboration, Taurus will integrate Elliptic's wallet screening tools into its enterprise digital asset custody solution Taurus-PROTECT to manage anti-money laundering and fraud risks, and comply with applicable regulations.

ChainCatcher news, Erin Koen, one of the Uniswap Foundation managers, today initiated a call for proposals in the Uniswap community on "how to allocate approximately 4.4 million ARB." The call for proposals mentions that the tokens will be sent to the DAO's alias address on Arbitrum; how to deploy the allocation needs to go through the normal governance voting process. The proposal period lasts for two weeks (until Wednesday, June 7). At that time, proposals that have received community feedback should be incorporated into a new temperature check post according to the approved governance process. (source link)

ChainCatcher news, blockchain analysis company Elliptic disclosed that several Chinese chemical suppliers selling synthetic opioid fentanyl precursors have received millions in cryptocurrency payments. Among them, 90% of the companies accept cryptocurrency payments, and identified wallets belonging to these chemical suppliers have received over $27 million in cryptocurrency, with the number of transactions in these wallets increasing by an astonishing 450% year-on-year.According to Elliptic, most suppliers accept Bitcoin (BTC) and USDT. (source link)

ChainCatcher news, the trend of layoffs in the crypto industry significantly slowed down in February, with approximately 570 layoffs, a decrease of 80% compared to 2,850 in January.Recent layoffs came from crypto analytics firms Elliptic and Messari, which cut 10% and 15% of their workforce, respectively. At the beginning of February, Chainalysis laid off 44 employees, accounting for 4.8% of its total workforce. Australian cryptocurrency recruiter Neil Dundon stated, "The surge in layoffs is a macro event, occurring not only in the Web3 space but also across the entire tech sector driven by concerns over a prolonged downturn." (source link)

ChainCatcher news, according to Crowdfund Insider, the crypto compliance management company Elliptic has appointed Barry Chubrik as Chief Financial Officer and Sophie Froment as Chief Human Resources Officer. Barry Chubrik previously served as Chief Financial Officer and Chief Operating Officer of the SaaS platform RangeForce, while Sophie Froment has over 25 years of experience in human resources management.According to the rootdata platform, Elliptic will help businesses detect, mitigate, and investigate financial crime risks associated with crypto assets. Elliptic has now completed five rounds of funding, raising a total of $90 million, with investors including DCG, SoftBank Vision Fund, and JPMorgan Chase. (source link)