Cryptocurrency for several years has been pointed to as a key enabler of ransomware groups, allowing their ransoms to be paid in Bitcoin or Ethereum or some other virtual tokens that are difficult to trace, can be hidden and laundered through such means as crypo mixers, can move easily across borders, and allow bad actors..

The post Elliptic Shows How an AI Model Can Identify Bitcoin Laundering appeared first on Security Boulevard.

Jeffrey Burt

Source: Security Boulevard
Source Link: https://securityboulevard.com/2024/05/elliptic-shows-how-an-ai-model-can-identify-bitcoin-laundering/