Elliptic (company)
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Elliptic is a British blockchain analytics firm headquartered in London, with offices in New York and Singapore.<ref name=":3">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The company was co-founded by Adam Joyce, Tom Robinson and James Smith in 2013.<ref name=":2">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> It is the first company to develop cryptoasset anti-money laundering and sanctions compliance tools based on blockchain analytics.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Its clients are primarily financial and institutions and crypto businesses, although it also provides blockchain investigation tools and data to government agencies. Customers have included Coinbase,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Santander,<ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> BitGo,<ref name=":0" /> Internal Revenue Service,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Federal Bureau of Investigation,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Drug Enforcement Administration<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> and United States Department of the Treasury.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Investors in Elliptic include JPMorgan Chase, Wells Fargo, SoftBank Vision Fund and SBI Group.<ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
In 2020 Elliptic was named as a Technology Pioneer by the World Economic Forum, for its contributions in the field of fighting financial crime and anti-money laundering detection in crypto markets.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
History
The company was co-founded by Adam Joyce, Tom Robinson and James Smith<ref name=":2"/> in 2013,<ref name=":2"/><ref name=":1"/> with co-founder Jame Smith becoming CEO.<ref name=":1"/> By 2020, it was headquartered in London, with offices in New York and Singapore.<ref name=":3"/> In 2020, Wells Fargo invested $5 million in Elliptic, after an earlier funding round raised $23 million.<ref name=":1">Template:Cite news</ref> One of its major investors in October 2021 was SoftBank, investing $60 million.<ref>Template:Cite news</ref>
The company released an analysis of the 2021 Poly Network hack.<ref>Template:Cite news</ref> in 2022, it released an analysis of the Harmony crypto heist.<ref>Template:Cite news</ref> Elliptic also reported in February 2022 that at least $13.7 had been donated to the Ukrainian war effort through anonymous bitcoin donations.<ref>Template:Cite news</ref> In 2023, Elliptic was reported to have a "high level of confidence" that the Lazarus Group was behind the Atomic Wallet hacks.<ref>Template:Cite news</ref> In February 2024, Elliptic concluded that North Korea was responsible for the 2025 Bybit crypto heist resulting in $1.4 billion stolen in Ethereum cryptocurrency, supporting ZachXBT.<ref>Template:Cite news</ref> In 2024, along with MIT and IBM, Elliptic released an AI model trained to notice the "shape" of bitcoin money laundering on Bitcoin's blockchain. It also made its data set public.<ref>Template:Cite news</ref>
In 2024, Elliptic reported that the industry of "pig butchering" crypto scams was largely run by one Cambodian online platform known as Huione Guarantee, which had ties to the Cambodian ruling family. Elliptic co-founder Tom Robinson was reported by Wired to recommend sanctions against Huione Guarantee.<ref>Template:Cite news</ref> Elliptic reported that Huione Guarantee was "the largest illicit online marketplace to have ever operated," as at least $24 billion in sales had gone through." Ronbinson stated that he thought Google and Apple should "consider" when Huione Group was appropriate to be distributing apps on their services: shortly afterwards, by January 6, 2025, Google removed all Huione Group apps, while Apple took down only the Huione Group crypto exchange, leaving other services in the App store.<ref>Template:Cite news</ref> After Elliptics analysis of Xinbi Guarantee and Hione Guarantee, both were blocked by Telegram.<ref>Template:Cite news</ref> In 2025, Robinson was Elliptic's chief scientist.<ref>Template:Cite news</ref>
Elliptic also traced the Chinese criminal organization Xinbi Guarantee to having a registration in the United States in 2025.<ref>Template:Cite news</ref> In June 2025, Elliptic reported that Nobitex, a crypto exchange in Iran, had been hacked by Gonjeshke Darande, with $90 million in crypto then destroyed.<ref>Template:Cite news</ref>
References
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