Elliptic Bolsters Public Sector Presence Amid Rising Demand for Crypto Intelligence Jan 9, 2024 Jan 9, 2024 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 9, 2024 by Kelly Cromley

Elliptic Bolsters Public Sector Presence Amid Rising Demand for Crypto Intelligence

Blockchain analytics and data intelligence firm Elliptic is expanding its public sector practice to address the growing demand for crypto identity data from U.S. national security and law enforcement agencies. The move comes as part of Elliptic’s commitment to supporting the public sector in navigating the evolving challenges posed by illicit activities within the blockchain space.

Elliptic’s Strategic Appointments:

In response to the heightened demand, Elliptic has appointed Tom McDivitt as Chief Revenue Officer and Matthew Price as Public Sector Strategic Engagement Lead. McDivitt, a U.S. Army Veteran with previous experience at Deloitte and Booz Allen Hamilton, specializes in crypto laundering, cyber threats, and open-source intelligence. Meanwhile, Price brings extensive expertise from his tenure at the IRS-CI Cyber Crimes Unit and later in the virtual currency industry, leading high-profile investigations targeting various crypto-related illicit activities.

 

CEO Perspective on Crypto Identity Data:

Elliptic CEO Simone Maini underscores the critical role of crypto identity data for national security and investigative teams in combating illicit activities. Maini emphasizes the importance of collaboration between the public and private sectors, stating that Elliptic’s partnership with national security and law enforcement agencies demonstrates its dedication to supporting the growth of the crypto industry while effectively addressing crypto-related crime challenges.

 

Industry Dynamics and Operational Excellence:

McDivitt highlights the rapidly changing landscape of the crypto industry, emphasizing the need for U.S. national security and law enforcement teams to scale their capabilities to investigate sophisticated methods employed by organized crime. Price adds that Elliptic’s blockchain analytics and intelligence tools, providing crypto identity data, have become mission-critical for those detecting and investigating crypto-related crime. He expresses excitement about contributing to Elliptic’s mission by delivering operational excellence and consistent growth across law enforcement, defense, and intelligence community markets.

Elliptic’s Role as a Global Leader:

Elliptic, recognized as a WEF Technology Pioneer and backed by notable investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, asserts its position as the global leader in cryptoasset risk management. The company has evaluated risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes.

 

Global Presence and Impact:

Headquartered in London with additional offices in New York, Singapore, and Tokyo, Elliptic’s expansion into the public sector reinforces its commitment to combating crypto-related crime on a global scale. The company’s collaborative approach with the public sector aligns with its mission to ensure the continued success and development of the crypto industry through effective partnerships and intelligence-driven solutions.

 

Conclusion:

As Elliptic expands its public sector presence with key appointments, it solidifies its position as a crucial ally for national security and law enforcement agencies grappling with the challenges of crypto-related crime. The company’s commitment to providing crypto identity data underscores its dedication to supporting the growth and integrity of the evolving crypto industry in collaboration with public sector entities.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.