Firm using machine learning to uncover blockchain technology fraud raises M

Elliptic, a blockchain intelligence firm that uses machine learning to root out fraudulent blockchain transactions, has raised $5 million from private equity investors. The funding round was led by Paladin Capital Group and included participation from Santander InnoVentures and others. The company uses graph analysis and machine learning to identify illicit activity in blockchain transactions, and provides a variety of compliance and securities services related to distributed ledger technology. In September, Elliptic partnered with Digital Asset Holdings on a digital security issuance. Interactive gaming company Pivit used distributed ledger technology provided by Digital Asset Holdings to issue a portion of its latest $5 million funding round. Elliptic’s technology was used to ensure that the digitally issued securities always remain under the control of Pivit and its investors. Elliptic’s compliance and…


Link to Full Article: Firm using machine learning to uncover blockchain technology fraud raises M