As you can read from their website, their mission is “create transparency for a global economy built on blockchains, enabling banks, businesses, and governments to have a common understanding of how people use cryptocurrency.“ The company was founded in 2014 as the official investigators into the hack of Mt. Gox (in correspondence dated July 6 attorney Nobuaki Kobayashi, appointed trustee, confirmed that Mt. Gox is preparing to make repayments to account holders). The two co-founders are Michael Gronager and Jonathan Levin.
Both of their resumes are of great significance. Michael Gronager is a Board member of the Uni-C / Danish Research Network and the National Supercomputer Center at Linköping University in Sweden. He was also Advisor and COO of the Kraken exchange. Jonathan Levin was also CEO & cofounder of Coinometrics (an internationally recognised brand) and completed a Master of Philosophy in Economics at the prestigious University of Oxford, UK.
Among the prominent customers of Chainalysis we find:
- the FBI, the Drug Enforcement Agency and the Internal Revenue Service Criminal Investigation (American federal institutions)
- Barclays (financial institutions)
- Gemini, Bitstamp and BitPay (crypto companies)
Chainalysis provides solutions for Investigations, Compliance, DeFi and NFTs., offers various products (Reactor, KYT, Kryptos, Market Intel and Business Data) and services (Investigations & Special Programs, Crypto Incident Response and Training & Certification). The 2022 Crypto Crime Report they created is truly exhaustive and consists of 140 pages.
You can download a free copy by clicking here. What struck me most, as stated in the report, is that “transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021 despite the raw value of illicit transaction volume reaching its highest level ever“. The report is packed with information, data and accurate analysis. I warmly invite you to read it to avoid scams and have a general overview of cryptocurrency-based crime in our society.
A winner is a dreamer who never gives up.
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Disclaimer: Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives and your level of experience. Do Your Own Research. All opinions expressed here are owned by the respective writer and should never be considered as financial advice in any form.
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