Elliptic

Elliptic raised $120 million in a Series D funding round at a valuation of $670 million, backed by investors including Deutsche Bank and Nasdaq Ventures, as traditional finance increases its investment in cryptocurrency. The funding round highlights growing interest in blockchain analytics. Elliptic's valuation reflects the firm's potential in the crypto space.

Elliptic has raised $120 million in funding backed by major investors Nasdaq and Deutsche Bank, as AI continues to reshape crypto security. This investment highlights the growing importance of AI in the cryptocurrency sector. The funding will likely be used to further develop Elliptic's AI-based security solutions.

Elliptic, a blockchain analytics company, has secured $120 million in funding from Nasdaq Ventures and Deutsche Bank to expand its AI-powered compliance software. The funding will support the growth of Elliptic's transaction monitoring technology for banks and cryptocurrency firms. This investment round will enable Elliptic to further develop its services.

Grinex, a US-sanctioned cryptocurrency exchange based in Kyrgyzstan, halted operations after a $15 million cyberattack allegedly carried out by 'western special services' hackers. TRM researchers confirmed the theft, noting 70 drained addresses, and Grinex claims the attack aimed to damage Russia's financial sovereignty.