Elliptic
Blockchain analytics
Elliptic — a blockchain analytics and crypto risk assessment platform that helps detect links between funds and illicit activity.
- What it is
- Elliptic — a blockchain analytics and crypto risk assessment platform
- What it does
- Detects links between crypto funds and illegal activity
- Who uses it
- Banks, exchanges, compliance, regulators
- Why
- Assess the risk and cleanness of the cryptocurrency’s origin
- How to use it
- Evidence the transparency of crypto funds in advance
In plain words
Elliptic is a blockchain analytics and crypto risk assessment platform, another well-known player in crypto compliance. It analyses blockchain transactions to detect links between funds and illegal or high-risk activity: money laundering, terrorist financing, sanctioned addresses, darknet marketplaces, hacks and fraud.
Like other systems of this kind, Elliptic is used by banks, crypto exchanges, payment services and regulators around the world. The platforms differ in their databases, methodologies and coverage, but the principle is the same: to make the “pseudo-anonymous” blockchain transparent for compliance and show the real picture of the origin and risk of crypto funds.
The practical conclusion for holders of crypto assets is the same as with other tools: cryptocurrency is checked, and checked seriously. Different organisations may use different platforms (Chainalysis, Crystal, Elliptic and others), so what matters is not whether a particular system can be “got round” but real transparency and an evidenced origin of funds. That is exactly what we help prepare — a clean and explainable crypto history.
Where the analytics are used
What matters about Elliptic
- Blockchain analytics
- Crypto risk assessment
- Transaction analysis
- Links with crime
- Sanctioned addresses
- The darknet and hacks
- Banks and exchanges
- Compliance
- Regulators
- Crypto is checked
- Different platforms
- Transparency matters
How to prepare crypto funds
- 01Assess the risk of the crypto history
- 02Gather evidence of the source
- 03Explaining the path of the funds
- 04Passing the check
- 05A transparent result
What you need to know
- Elliptic — a blockchain analytics and crypto risk assessment platform
- It detects links between funds and illegal activity
- It is used by banks, exchanges and regulators
- Different organisations use different platforms
- What matters is real transparency, not “getting round” the system
Common mistakes
- Counting on “getting round” a particular platform
- Failing to evidence the origin of crypto funds
- Ignoring links between wallets and risky addresses
- Treating crypto as uncheckable
- Converting funds without a ready history of the source
What this means for a BRIDGES client
We prepare a client’s crypto wealth for a check by any analytics — Elliptic, Chainalysis, Crystal or another. We place the bet not on “getting round” the system but on real transparency: a clean wallet history and an evidenced origin of funds. That way the cryptocurrency passes compliance whichever tool is used to check it.
Frequently asked questions
01 /What is Elliptic?
A blockchain analytics and crypto risk assessment platform: it detects links between crypto funds and illegal or high-risk activity through transaction analysis.
02 /How does it differ from other platforms?
The differences lie in the databases, methodologies and coverage. The principle is the same: to make the blockchain transparent for compliance and show the real risk of funds.
03 /Who uses Elliptic?
Banks, crypto exchanges, payment services and regulators around the world — when checking the origin and risk of crypto funds.
04 /Can such analytics be “got round”?
It is not worth betting on: different organisations use different platforms. What matters is real transparency and an evidenced origin, not whether a system can be got round.
05 /What does it detect?
Links between funds and money laundering, terrorist financing, sanctioned addresses, the darknet, hacks and fraud. A clean history passes.
06 /How to prepare?
Assess the risk of the crypto history in advance and gather evidence of the origin of funds. We prepare a transparent history that will withstand any analytics.
See also
Read next
This material has undergone editorial review by BRIDGES.
Preparing crypto wealth for a check?
We will prepare a transparent history of the origin of funds that will withstand any blockchain analytics — without surprises.