Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.

An Elliptic report shows how MIT-IBM AI Labs used deep learning AI models to pinpoint fraud on the world’s dominant blockchain.

Crypto companies are among a list of firms that remain “particularly vulnerable” to financial crime says the U.K. Treasury.

Crypto firms were amongst the sectors that posed the greatest money laundering risk, according to a U.K. government report.The country has been trying to tackle crypto crime lately, and the police have stationed crypto tactical advisors across the country.

A cryptocurrency forensics firm and the MIT-IBM Watson AI Lab have tapped AI to detect money laundering on the Bitcoin blockchain

Crypto analytics firm Elliptic has created an AI model that can detect crypto money laundering transactions, a plague that reached over $22 billion in 2023. In the report Wednesday, Elliptic said the model was trained on a data set of nearly 200 million transactions.