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Elliptic, a blockchain forensics firm, has launched a deep learning model in collaboration with MIT-IBM Watson AI Lab to detect Bitcoin laundering. The model identifies crime proceeds deposited at crypto exchanges, new money laundering patterns, and previously undetected illicit wallets. Elliptic’s approach focuses on ‘subgraphs’ of transactions, allowing for a deeper understanding of the laundering process. The firm’s use of AI in transaction analysis is made possible by the unique features of blockchain technology.