Elliptic lures new CTO from fintech bank OakNorth

Cryptoasset risk management firm Elliptic has announced that Jackson Hull, the former Chief Operating Officer (CTO) at of OakNorth will assume the same role at Elliptic. 

At OakNorth, Hull led product, information, security, engineering and design teams in building the fintech bank's credit risk analytics platform. 

"I am excited to join Elliptic at a time when investments in the company's technology stack are allowing us to do things that were previously imposed in the space [...] it's great to have the brightest minds in crypto and data on the team," Hull said in a statement. 

Before his time at OakNorth, Hull was the CTO and insurtech grand GoCo Group, where he helped develop and scale high-volume transactional platforms in heavily regulated markets. 

Hulls, experience operating in global financial institutions means he brings "significant" insight into the challenges faced by Elliptic's customers, the statement said. 

"Having someone with [his] background and experience join our leadership team validates Elliptic's vision to make a world powered by crypto fairer and safer for all," Elliptic CEO Simone Maino said. 

As fraud and uncertainty have gripped the crypto market, Elliptic has become a growing destination for hires and partnerships. 

In August, the cryptoasset risk management firm partnered with technology company Pluto Digital to secure the firm and its customers from criminal activity.

According to Elliptic, more than $100m in NFTs have been stolen across the crypto space between July 2021 and July 2022, with more than $1bn succumbing to cross-chain theft this year alone. 

Cybercrime groups like North Korea's Lazarus Group and Russia's Wizard Spider gang have been prime suspects for crypto-related heists.