Jump to content

Chainalysis

From Wikipedia, the free encyclopedia
This is an old revision of this page, as edited by Aphextriplets (talk | contribs) at 15:34, 6 November 2022 (→History). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Chainalysis, Inc.
Industryblockchain
Founded2014; 11 years ago (2014)
FoundersMichael Gronager
Jonathan Levin
Headquarters
114 Fifth Avenue. New York City, New York
,
United States
Area served
Worldwide
Key people
Michael Gronager, CEO
Number of employees
700[1]
Websitewww.chainalysis.com Edit this at Wikidata

Chainalysis is an American blockchain analysis firm headquartered in New York City.[2] The company was cofounded by Michael Gronager and Jonathan Levin in 2014.[3] It sells software that aids its customers in blockchain analysis. Its customers have included the United States's Federal Bureau of Investigation, Drug Enforcement Agency, and the Internal Revenue Service Criminal Investigation, as well as the United Kingdom's National Crime Agency.[4]

History

Chainalysis was formed to be the official investigator of the hack of cryptocurrency exchange Mt. Gox when Michael Gronager was the Chief Operating Officer of Kraken. His company was employed by the bankruptcy trustee of Mt. Gox to investigate the hack.[5][6]

In October 2019, they helped the United States Department of Justice shut down the world's largest child abuse website.[7]

In March 2021, they partnered with crypto compliance company Notabene to comply with the FATF's Travel Rule across jurisdictions.[8] American business publication Fast Company referred to this partnership one of the top 10 most innovative joint ventures of 2022. [9]

Noted investigations

Chainalysis has helped law enforcement recover cryptocurrencies from illegal enterprises. For example, the company helped law enforcement to recover over $1 billion from the take down of the dark web marketplace Silk Road.[10] Further, the company also helped to attribute seven 2021 cryptocurrency thefts to the North Korean Lazarus Group.[11]

References

  1. ^ "Chainalysis". Forbes. Retrieved 2022-10-30.
  2. ^ "Chainalysis doubling headquarters size with 4-floor lease in the Flatiron district". www.bizjournals.com. Retrieved 2022-04-09.
  3. ^ "Success story: Chainalysis | Rise created by Barclays". rise.barclays. Retrieved 2022-04-09.
  4. ^ Greenberg, Andy. "How Bitcoin Tracers Took Down the Web's Biggest Child Abuse Site". Wired. ISSN 1059-1028. Retrieved 2022-04-09.
  5. ^ "Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B". TechCrunch. Retrieved 2022-04-09.
  6. ^ Tom Redmond. (20 September 2022). "The $8.6 Billion Startup That Helps Governments Trace Crypto". Bloomberg website Retrieved 22 September 2022.
  7. ^ "Inside the Bitcoin Bust That Took Down the Web's Biggest Child Abuse Site". Wired. Retrieved 2022-10-30.
  8. ^ Team, Chainalysis (2021-03-15). "Notabene and Chainalysis Partner to Bring Scalable Travel Rule Solution to Cryptocurrency Businesses". Chainalysis. Retrieved 2022-08-16.
  9. ^ Lidsky, David (2022-03-08). "The 10 most innovative joint ventures of 2022". Fast Company. Retrieved 2022-08-24.
  10. ^ Browne, Ryan (2021-03-26). "Bitcoin sleuthing start-up Chainalysis doubles valuation to $2 billion with Benioff backing". CNBC. Retrieved 2022-04-09.
  11. ^ Greenberg, Andy. "North Korean Hackers Stole Nearly $400M in Crypto Last Year". Wired. ISSN 1059-1028. Retrieved 2022-04-09.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Chainalysis&oldid=1120355325"