Chainalysis

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Chainalysis
Chainalysis logo.png
Founded 2014
Headquarters New York, New York
Key People Cofounders Michael Gronager, CEO; Jonathan Levin, COO; and Jan Moller, CTO
Products Anti-money laundering software for Bitcoin businesses.
Twitter @chainalysis
LinkedIn Profile
Facebook Chainalysis
Website Chainalysis Home

Chainalysis’s mission is to look for patterns on the public bitcoin blockchain to help fight cybercrime.

Overview

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.[1]

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."[2]

The venture funding arm of Japan's largest bank, Mitsubishi UFJ Financial Group, announced in April 2019 that it had invested $6 million in Chainanalysis Series B funding round, bringing the round's total to $36 million.[3] With earlier funding rounds, Chainalysis has attracted $53 million in outside investment.[4]

Ethereum Whales

In May 2019, a study published by Chainalysis revealed that one-third of the total supply of Ether, the native cryptocurrency of the Ethereum platform, were held by just 376 people worldwide.[5]

References