Elliptic, MIT, and IBM develop an AI model to detect Bitcoin money laundering.
Elliptic, MIT, and IBM develop an AI model to detect bitcoin money laundering by analyzing patterns leading from known bad actors to crypto exchanges. The experimental AI model, using a 200M transaction dataset, is designed to spot money laundering patterns across Bitcoin's blockchain. In tests, it correctly identified 28% of suspicious accounts, reducing the search for illicit accounts significantly.
May 01, 2024
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