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Elliptic traces FTX hack funds, suggests possible connection to Russia

Elliptic's analysis of the November 2022 FTX hack reveals laundering techniques commonly associated with cybercriminals from Russia.

The way they moved funds, their preference for specific privacy wallets, and their choice of decentralized exchanges all mirror tactics Russian hackers have used in past incidents. Elliptic’s investigation not only highlights the importance of advanced blockchain analytics in tackling such challenges but also raises concerns about the geopolitical implications of major cybercrimes. Maxwell Nelson, a seasoned journalist and content strategist, has contributed to industry-leading platforms, weaving complex narratives into insightful articles that resonate with a broad readership.

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