Top all-time · #1567
Elliptic
Company blog · elliptic.co/blogsecurityeconomics
Elliptic is the company blog at elliptic.co, writing about security and economics. Since 2014, 46 different Hacker News readers have linked it 48 times, most often “How Iran Uses Bitcoin Mining to Evade Sanctions and “Export” Oil”. No feed was found, so read it on the site itself.
Blockchain analytics for financial crime risk management and compliance across crypto and digital assets. Innovate with confidence.
Most-linked posts?
- How Iran Uses Bitcoin Mining to Evade Sanctions and “Export” Oil3 people · 4 mentions · first linked 2021-05-22
- /3 people · 3 mentions · first linked 2019-11-08
- /resources/typologies-concise-guide-crypto-leaders2 people · 2 mentions · first linked 2021-06-01
- One of the Most Prolific Cybercriminals Has Retired and May Be a Billionaire2 people · 2 mentions · first linked 2021-02-13
- /blog/live-updates-millions-in-crypto-crowdfunded-for-the-ukrainian-military2 people · 2 mentions · first linked 2023-02-07
- /resources/defi-risk-regulation-and-the-rise-of-decrime2 people · 2 mentions · first linked 2021-12-05
- Elliptic Follows the Bitcoin Ransoms Paid by Colonial Pipeline and Other Victims2 people · 2 mentions · first linked 2021-05-14
- $15B seized by US originates from Iran/China Bitcoin miner "theft"2 people · 2 mentions · first linked 2025-10-15
What Hacker News says?
>evaporates Not going to school GP (presumably not one of the hill peoples[1] for which self-defense is mother nature)... ? Actshually, Jura Federation dissolved (Not too sure about bad actors in or around it) [1] https://www.elliptic.co/insights/myanmar-earthquake-how-a-re...
Comment linking /insights/myanmar-earthquake-how-a-rebel-backed-cryptocurrency-is-bypassing-the-junta-to-facilitate-aid/
on “Binance-hacker-1029 – $5.6B stolen from Binance”Submitted How Iran Uses Bitcoin Mining to Evade Sanctions and “Export” Oil as a story · 232 points
HN discussionNo, but the study they reference: https://www.elliptic.co/resources/typologies-concise-guide-c...
Comment linking /resources/typologies-concise-guide-crypto-leaders
on “It's time for us in the tech world to speak out about cryptocurrency”Submitted One of the Most Prolific Cybercriminals Has Retired and May Be a Billionaire as a story · 40 points
HN discussion> I'm honestly curious, how did/are bitcoiners using BTC and crypto tech to help people in these regions? What's the methodology? And also for actually spending/using the coins. Start here [0], this discusses BTC involvement in the Maidan Revolution, and then the come back alive campaign with the Azov in the Donbas region in 2014, and then touches on the Government backed initiative by the Ukrainian Ministry of digi…
Comment linking /blog/ukrainians-turn-to-bitcoin-to-crowdfund-the-fight-against-russia
on “Finland will seek NATO membership immediately”Submitted Chinese Businesses Fueling the Fentanyl Epidemic Receive Millions in Crypto as a story · 22 points
HN discussionDo you have a source for your claim that the majority of Bitcoin uses are criminal? Research by blockchain analysis companies show that only a small percentage of Bitcoin usage is illicit [1][2][3]. [1] https://www.elliptic.co/resources/typologies-concise-guide-c... [2] https://ciphertrace.com/2020-year-end-cryptocurrency-crime-a... [3] https://blog.chainalysis.com/reports/2021-crypto-crime-repor...
Comment linking /resources/typologies-concise-guide-crypto-leaders
on “U.S. to give ransomware hacks similar priority as terrorism, official says”Submitted The Largest Theft in History (Bybit Hack) by Elliptic Research as a story · 9 points
HN discussionAlso, Bitcoin is not anonymous. https://www.elliptic.co/our-thinking/bitcoin-transactions-mo...
Comment linking /our-thinking/bitcoin-transactions-money-laundering
on “I was blackmailed – any YouTuber could be next”Submitted Iranian crypto exchange Nobitex hacked for over $90M by pro-Israel group as a story · 6 points
HN discussionElliptic | Software Engineer | ONSITE | London | Full-time We reveal the truth behind Bitcoin activity. Elliptic’s team of computer scientists and former law-enforcement agents has developed software to make Bitcoin activity more transparent and accountable. Today the world’s largest banks and Bitcoin exchanges use Elliptic software to monitor billions of dollars in Bitcoin transactions every month, and the top law…
Comment linking /careers
on “Ask HN: Who is hiring? (September 2018)”Submitted The largest theft in history: DPRK behind the $6.4B Binance hack as a story · 4 points
HN discussionIts not clear how the feds got the money More information as the mystery deepens, it's not proceeds from just the pig butchering https://www.elliptic.co/blog/15-billion-us-seizure-reveals-p...
Comment linking /blog/15-billion-us-seizure-reveals-prince-groups-connection-to-iran-china-bitcoin-mining-theft
on “DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia”Submitted $15B seized by US originates from Iran/China Bitcoin miner "theft" as a story · 4 points
HN discussionDid the crackers surrendered the private keys? And if so why was a warrant issued? https://www.elliptic.co/hs-fs/hubfs/Screenshot%202021-06-07%...
Comment linking /hs-fs/hubfs/Screenshot%202021-06-07%20at%2022.13.19.png?width=1188&height=620&name=Screenshot%202021-06-07%20at%2022.13.19.png
on “DOJ seizes $2.3M in cryptocurrency paid to the ransomware extortionists Darkside”Submitted The rise and fall of eXch – the dark service used by North Korean hackers as a story · 3 points
HN discussion> electricity might even be free for businesses From https://www.elliptic.co/blog/how-iran-uses-bitcoin-mining-to... > In 2019 Iran officially recognised cryptoasset mining, later establishing a licensing regime that required miners to identify themselves, pay a higher (but still very low) tariff for electricity, and to sell their mined bitcoins to Iran’s central bank. Thousands of unlicensed mining farms have subse…
Comment linking /blog/how-iran-uses-bitcoin-mining-to-evade-sanctions
on “Kosovo bans cryptocurrency mining to save electricity”Submitted What happened to the $3.5B Terra reserve? as a story · 3 points
HN discussionSpecifically referring to Iran... https://old.iranintl.com/en/world/bitcoin-mining-iran-profit... https://www.businessinsider.in/cryptocurrency/news/cryptocur... https://thediplomat.com/2021/01/bitcoin-mining-and-blackouts... From that last one: > The photo of a power bill with an extremely huge price tag, issued for a customer named “Iran and China Investment Company,” has gone viral in recent days. The power bill,…
Comment linking /blog/how-iran-uses-bitcoin-mining-to-evade-sanctions
on “Kosovo bans cryptocurrency mining to save electricity”Submitted Elliptic Follows the $7B in Bitcoin stolen from Bitfinex in 2016 (2021) as a story · 3 points
HN discussionElliptic Vault[1] is an example of a startup attempting to solve this. https://www.elliptic.co/vault
Comment linking /vault
on “Mt. Gox Files for Bankruptcy Protection”Submitted DarkSide Ransomware has Netted Over $90M in Bitcoin as a story · 3 points
HN discussionDefi has other problems like the smart contracts getting exploited. $12b have been stolen from them according to the source below. https://www.elliptic.co/resources/defi-risk-regulation-and-t...
Comment linking /resources/defi-risk-regulation-and-the-rise-of-decrime
on “Celsius acknowledges $1.2B hole in balance sheet”Submitted Elliptic Follows the Bitcoin Ransoms Paid by Colonial Pipeline and Other Victims as a story · 3 points
HN discussionAnything you can convince yourself isn't losing money. I suppose that math can get very weird if countries factor in expected appreciation of crypto they plan to hold. And even weirder if they end up perceiving a geopolitical stake in maintaining a certain fraction of the global hash rate. When I mention the logic of money-launderers, I mean something more like https://www.elliptic.co/blog/how-iran-uses-bitcoin-mini…
Comment linking /blog/how-iran-uses-bitcoin-mining-to-evade-sanctions
on “The Great Siberian Thaw”Submitted Russia-linked cryptocurrency services and sanctions evasion as a story · 2 points
HN discussionSuch services exist and are in use by many bitcoin organisations: https://www.elliptic.co/
Comment linking /
on “A 96 Bitcoin ransom payment ends up on Bitfinex”Submitted Record $7B in crypto laundered through cross-chain services as a story · 2 points
HN discussionOh, well in that case I definitely feel more comfortable putting my life savings in. Were these all front end exploits too? https://ndxfi.medium.com/indexed-attack-post-mortem-b006094f... https://www.elliptic.co/resources/defi-risk-regulation-and-t... https://arstechnica.com/information-technology/2021/12/hacke... https://therecord.media/hackers-steal-29-million-from-crypto... https://www.cnbc.com/2021/08/19/liquid-…
Comment linking /resources/defi-risk-regulation-and-the-rise-of-decrime
on “Fe – An emerging smart contract language for the Ethereum blockchain”Submitted Hackers Exploit OpenSea Bug to Steal $1M in NFTs as a story · 2 points
HN discussion
