Blockchain intelligence company Elliptic has become a member of the Internet Watch Foundation as part of its ongoing efforts to combat child sex abuse material (CSAM). Cryptocurrency.
The partnership between the parties means that an oval has access to services in the IWF range, including crypto alerts.
These alerts provide London-based companies with real-time data on cryptocurrency transactions, including purchases of CSAM, identifying transactions and payment networks used in transactions. wallet address.
By integrating with IWF’s real-time alert system, Elliptic aims to better help clients prevent transactions related to child abuse and exploitation.
“IWF analysts find the worst kind of child sexual abuse images and videos on websites that benefit from selling this horrifying content.” “By working with us, Elliptic will disrupt the spread of this crime image and help stop this type of illegal purchase on its truck.”
Last year, U.S. Sens. Elizabeth Warren (D-MA) and Bill Cassidy (R-LA) sent open, bipartisan letters to the U.S. Department of Justice and Homeland Security describing Crypto as “payment for a choice of child abuse material.”
Their claims appear to be supported by the IWF’s Annual Data & Insights Report 2024. This turns out that cryptocurrency is the most commonly offered payment method on commercial CSAM websites, 60.87% (518% of OR 851 WebPages) of URLs that do not hide payment options that allow Crypto Transfers.
In November 2022, IWF announced its finding that CSAM websites accepting crypto payments have “doubled almost every year since 2015”, but the 1,014 sites recorded in 2022 do not appear to have doubled that number.
For Elliptic, partnering with IWF to combat CSAM’s spread outlook is one aspect of a broader effort to promote a safer digital ecosystem.
Giuseppe Fersini, head of the Elliptic Inter, said Decryption The company is a “eager member” of IWF’s Global Alliance. “We support the IWF’s important mission not only through integration of relevant data into the blockchain intelligence platform, but also through active participation in strategic discussions and by active participation in how payment systems, including cryptocurrencies, are utilized in the distribution of child sexual abuse materials,” he added.
Privacy coins and crime
The CSAM website has been spotted in use for the past few years Monero Also, a 2024 Chain Analysis Bulletin, suggests that other privacy coins “may be helping these CSAM vendors (using Monea-friendly exchanges) survive longer.”
Such use can cause problems for tissues such as IWF and ovals. This can cause more criminals to struggle to track illegal cryptography flows if they use privacy tokens.
While acknowledging that such coins provide “a way to obscure funding sources and destinations,” Fersini also confirmed that they “are often just complementing trackable assets” and are merely one element of a broader obfuscation strategy.
“This trend reinforces the need for sophisticated solutions and high quality intelligence,” he adds. “Elliptic addresses this challenge by providing data capabilities that are optimized to detect patterns and connections in the face of intentional concealment.”
From a future perspective, IWF is “looking to expand its membership in the blockchain/cryptography industry,” recalled spokesman Cat McShane. Decryption Its blockchain analytics company Chain Orisis also functions as a non-profit organization.
She said, “It’s essential that we disrupt the commercialization of CSAM as much as we can, and there are times when an organization like Elliptic on our side can really help with this.”
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