In brief
- Blockchain intelligence firm Elliptic has become a member of the Internet Watch Foundation, a nonprofit set up to address online child sexual abuse materials.
- In a 2024 report, the IWF found that cryptocurrencies were offered as a method of payment option on over 60% of child abuse websites with payment options.
- CSAM websites are increasingly turning to privacy coins such as Monero, though Elliptic noted that they are “often only complementary to traceable assets.”
Blockchain intelligence firm Elliptic has become a member of the Internet Watch Foundation, as part of its ongoing efforts to combat the financing of child sexual abuse material (CSAM) via cryptocurrency.
The partnership between the two parties means that Elliptic…