Elliptic launches AI tool to help police read crypto wallets in seconds

Elliptic announced Pulse on Wednesday as an artificial intelligence tool for ordinary police officers who encounter cryptocurrency. Pulse accepts anything resembling a wallet address or transaction hash. The tool returns a plain-language financial summary within seconds. Officers can use the summary to decide whether a case warrants escalation. Cryptocurrency may appear on a suspect's phone, in a scam victim's receipt, or during a search, arrest, or overdose scene. A single click can forward the full analysis into Elliptic's screening and forensic-tracing tools or an agency's workflow. The forwarded material includes the reasoning and the officer's field notes tagged to a case number. Elliptic said a detective receiving the case does not need to be a blockchain specialist. Jackson Hull, Elliptic's chief technology officer, said the company built Pulse because it sees cryptocurrency across every law enforcement agency now, not just specialized units. Elliptic said Pulse uses the intelligence behind its investigator-grade platform. Elliptic says that platform screens more than 99% of crypto trading volume. Elliptic says the platform covers over 65 blockchains. Elliptic framed Pulse around a governance framework it published this month for agentic artificial intelligence. The framework emphasizes human oversight. The framework emphasizes model transparency. The framework keeps final judgment with the officer rather than the artificial intelligence. Elliptic raised $120 million earlier this year from backers including Nasdaq and Deutsche Bank. Elliptic's research has surfaced in major enforcement actions. One action involved a Secret Service crypto freeze tied to a Telegram marketplace. Another involved the DOJ's seizure of infrastructure linked to billions in laundering. Elliptic also produced findings on Iran's central bank acquiring USDT.