According to CoinDesk, Simone Maini, CEO of blockchain analytics firm Elliptic, stated that the biggest emerging risk to crypto security is not larger-scale hacks, but rather AI-driven financial activity operating at speeds and scales that human compliance teams cannot keep up with. As AI lowers the barrier to entry for hacking, scams, and fraud, security firms like Elliptic are responding with AI agents that analyze on-chain data in real time, creating an automated arms race. Maini noted that current compliance systems still rely heavily on manual review, and the global number of compliance analysts focused on digital assets is insufficient to meet future demand. Elliptic has raised $120 million, with investors including Nasdaq and Deutsche Bank, to build an "agent-based compliance system" that automates transaction monitoring and investigation processes using AI, thereby reducing the cost per alert and investigation.
Elliptic CEO Warns of AI-Powered Financial Risks in Crypto Compliance
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Summary
Elliptic CEO Simone Maini warned that crypto compliance is facing new risks from AI-driven financial activities. These systems operate faster than human teams, challenging traditional compliance obligations. Elliptic is using AI to monitor on-chain data in real time, aiming to automate transaction checks. The company raised $120 million, including from Nasdaq and Deutsche Bank, to build an agent-based compliance system. This approach reduces costs for monitoring and investigations. Maini said the shortage of compliance experts will not keep pace with demand.
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