Elliptic

Binance hack update: the XRP has started moving. About $50 million has been swapped, mostly through THORChain into BTC, with about $226 million still to move.

Bitcoin converted from other stolen assets is now about 1,650 BTC ($124 million), almost twice the figure a day earlier. The main ETH and BTC holdings haven’t moved.

Read the full analysis: ➡️ elliptic.co/insights/how-n…

Today we launched Fast track monitoring: quick access to screening and investigations.

Every critical system should have a backup. Fast track monitoring is yours, built on Elliptic Lens and Investigator. Any business, any size, up in minutes ⬇️

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Don't miss our upcoming webinar ➡️ The $6.4 billion Binance exploit: how North Korea moved the funds, and how we tracked them

We'll be walking through how the attack unfolded, showing how the stolen funds are moving and setting out the steps to take now.

Two sessions, to suit your timezone.

🗓 Wednesday, November 4 | 9am ET / 2pm GMT
🗓 Thursday, November 5 | 4pm SGT / 8am GMT

Register now: hubs.la/Q04DfmRv0

There are a lot of questions around the $6.43 billion Binance hack, so we wanted to give you the opportunity to ask them.

Dr. Tom Robinson, our Founder and Chief Scientist, will answer them on video on Thursday. Submit yours here ➡️ hubs.la/Q04D63th0

Exposure to the $6.43 billion stolen from Binance presents significant sanctions risks for firms that handle cryptoassets. TraderTraitor hasn’t been specifically designated to date, but it’s closely affiliated with designated North Korean state actors, and OFAC-administered sanctions prohibit exporting financial services to North Korea.

David Carlisle sets out what compliance teams should check, from indirect exposure to continuous monitoring and look-backs. Acting also gives law enforcement information that could support further asset freezing.

➡️ hubs.la/Q04D03yW0