Elliptic, a blockchain analytics and data intelligence company, is expanding its public sector practice to meet the increasing demand “for its crypto identity data from U.S. national security and law enforcement agencies.’
Elliptic has welcomed Tom McDivitt as Chief Revenue Officer and Matthew Price as Public Sector Strategic Engagement Lead.
McDivitt, a US Army Veteran ‘with experience at Deloitte and Booz Allen Hamilton, specializes in crypto laundering, cyber threats, and open-source intelligence. Price brings years of expertise running high profile cryptocurrency investigations at the IRS-CI Cyber Crimes Unit and later in the virtual currency industry. He has led high-profile cases targeting illicit mixing services, darknet markets, ransomware, exchange hacks and national security issues, including Hydra Market and Grams/Helix.’
Elliptic CEO Simone Maini said:
“It is crucial that national security and investigative teams have access to crypto identity data that empowers them to hunt down bad actors and neutralize threats. Hiring Tom McDivitt and Matthew Price underlines Elliptic’s commitment to partnering with the public sector to help it meet the new challenges investigators and intelligence teams face when uncovering illicit activity on the blockchain.”
Maini emphasizes the importance of the public and private sector partnership in supporting the growth of the crypto industry.
Maini added:
“Collaboration between the public and private sectors, who we have extensive experience in working with, is key to ensuring the continued success and development of the crypto industry. By partnering with national security and law enforcement agencies, Elliptic is demonstrating its dedication to supporting the advancement of this industry while effectively combating crypto-related crime.”
McDivitt said:
“With the crypto industry in a constant cycle of fast-moving change, U.S. national security and law enforcement teams are rapidly scaling their capability to investigate the most sophisticated methods employed by organized crime,”
Price remarked:
“For those detecting and investigating crime that touches crypto, the crypto identity data provided by Elliptic’s blockchain analytics and intelligence tools have become mission-critical. I’m excited to further Elliptic’s mission by delivering operational excellence, consistent growth, and success across the law enforcement, defense, and intelligence community markets.”
As noted in the update, Elliptic claims it is ‘the global leader in cryptoasset risk management for crypto businesses, financial institutions and government agencies worldwide.’
Recognized as a WEF Technology Pioneer and “backed by investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud and other financial crimes.”
Elliptic is headquartered in London with offices in New York, Singapore and Tokyo.