Chainalysis
Courtesy of Chainalysis
- CategoryData
Chainalysis provides essential blockchain data and expertise to government agencies, exchanges, financial institutions, and other customers in 70 countries. The company, created in 2014 by Michael Gronager, a cofounder of crypto exchange Kraken, and University of Oxford–trained economist Jonathan Levin, was valued at $8.6 billion after a $170 million funding round led by GIC. Its software has been used to track illicit activities on the blockchain, including money laundering and terrorism financing.
Customers count on Chainalysis to help prevent losses by identifying illicit activity and potential bad actors, and to help recover stolen funds. The company’s regular reports on suspicious activity on the blockchain also provide vital information to law enforcement: Chainalysis tools were used by the Justice Department to retrieve $2.3 million of the roughly $4.4 million paid by Colonial Pipeline to a Russian cybercriminal group after a ransomware attack. Last year, the company launched a 24/7 “crypto incident response” hotline for customers to get a rapid response following hacks or ransomware attacks.
Customers count on Chainalysis to help prevent losses by identifying illicit activity and potential bad actors, and to help recover stolen funds. The company’s regular reports on suspicious activity on the blockchain also provide vital information to law enforcement: Chainalysis tools were used by the Justice Department to retrieve $2.3 million of the roughly $4.4 million paid by Colonial Pipeline to a Russian cybercriminal group after a ransomware attack. Last year, the company launched a 24/7 “crypto incident response” hotline for customers to get a rapid response following hacks or ransomware attacks.