A total of 26 addresses were reviewed (Israel counter terror seizure order), which collectively received assets valued at $93.7 million. These assets came from 7,140 unique addresses and were supplied through 103,703 transactions.

Our findings closely align with Elliptic claims (Link), particularly when examining the volume and number of monthly transactions. This consistency underscores the accuracy and reliability of our analysis in verifying the transactions.

Assets received by these addresses predominantly involve the USDT token. Only a minimal portion, approximately $131, was related to the USDC token.

What is not mentioned in the Elliptic report is the pivotal role played by centralized exchanges (CEXs) in transferring assets to these addresses. Approximately 32% of the assets, amounting to $30.21 million, were routed through CEXs to reach these addresses. Binance, in particular, emerges as a key player, contributing a substantial 92.4% of the assets transferred from centralized exchanges to these addresses.

A significant decline in volume and number of transactions to the reviewed addresses occurred after April 2023. This trend was mirrored in the volume and number of transactions from centralized exchanges to these addresses. This decline can be attributed to the enforcement of stricter policies by centralized exchanges and the collaboration of Tether company in blocking USDT assets related to suspicious addresses. It demonstrates the potential effectiveness of blockchain transparency in tracking and preventing the flow of funds to addresses suspected of financing illicit activities.

📊 Analyzing Elliptic and BitOK Claims