|Headquarters||New York, New York|
|Key People||Michael Gronager, Co-founder, CEO; Jonathan Levin, Co-founder, COO; Jan Moller, Co-founder, CTO|
|Products||Anti-money laundering software for Bitcoin businesses.|
In 2016, Chainalysis CEO Michael Gronager told ComputerWeekly.com, "Bitcoin transactions used to be anonymous, but our software is capable of linking the source and recipient, so, in effect, bitcoin has become less anonymous than cash." Chainalysis was working with various law enforcement organizations at the time in pursuit of the cyber extortion gang known as "DD4BC," which is meant to stand for "distributed denial of service for bitcoin."
The venture funding arm of Japan's largest bank, Mitsubishi UFJ Financial Group, announced in April 2019 that it had invested $6 million in Chainalysis Series B funding round, bringing the round's total to $36 million. With earlier funding rounds, Chainalysis has attracted $53 million in outside investment.
In July 2019, Chainalysis became the first blockchain company to be listed on Forbes' "Next Billion-Dollar Startups List."
An early customer of Chainalysis, Kraken, the major U.S.-based cryptocurrency trading platform, contracted with Chainalysis to aid in its efforts to find the bitcoin lost in the Mt. Gox hack in 2014. In 2017, co-founder Jonathan Levin testified before Congress that Chainalysis had found 650,000 of the missing bitcoin stolen from Mt. Gox.
Suspicious transaction alerts
In August 2019, Chainalysis announced the launch of a new software product called Chainalysis Know Your Transaction (KYT), which gives alerts to users of cryptocurrency trading platforms when it detects suspicious crypto transactions. This product is an anti-money laundering (AML) product primarily for cryptocurrency trading firms and financial institutions.
- Michael Gronager - Co-founder, CEO
- Jonathan Levin - Co-founder, COO
- Jan Moller - Co-founder, CTO
- Expect ransomware arrests soon, says bitcoin tracking firm Chainalysis. ComputerWeekly.com.
- Japan’s Biggest Bank Invests in Crypto Sleuthing Startup Chainalysis. CoinDesk.
- Chainalyis. Crunchbase.
- Next Billion-Dollar Startups 2019. Forbes.
- Kraken to Assist in Search for Missing Mt Gox Bitcoins. CoinDesk.
- Cryptocurrency Crimefighter Chainalysis Becomes First Blockchain Company To Make Next Billion-Dollar Startups List. Forbes.
- Just 376 People Found to Own a Third of All Ether Cryptocurrency. Bloomberg.
- Chainalysis Launches First Actionable Real-Time Alerts for Suspicious Transactions Across 15 Cryptocurrencies. Chainalysis.