Elliptic Secures $120 Million to Enhance AI Compliance Tools for Crypto Monitoring
Elliptic has successfully raised $120 million from investors such as Nasdaq and Deutsche Bank to develop AI-driven compliance tools aimed at monitoring cryptocurrency transactions. According to NS3.AI, Simone Maini highlighted that agent-driven payments could significantly increase transaction volumes, surpassing the capacity of manual compliance teams to review them. Maini also noted that these AI tools could potentially enable attackers to scale hacks, scams, and fraud campaigns more cost-effectively.
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