Chainalysis’ products are targeted at spotting connections between entities on the blockchain. The company are currently focused on the Bitcoin market where the vast majority of the value is being transacted. They help Bitcoin businesses detect fraud and prevent money laundering, they also help banks put in place adequate controls to bank Bitcoin businesses.
The company’s API notifies customers in real time if they are receiving money from other regulated financial institutions or if they are receiving it from illegal activities. Chainalysis’ visualization tool allows compliance officers to do manual investigations to detect suspicious activity.
Click to see more
Chainalysis Details
Operating Status:Active
Business TypePrivate
HeadquartersNew York, Washington D.C., United States and Copenhagen, Denmark
Founded Date
Oct 1st, 2014
Organization CEOMichael Gronager, PhD
FoundersMichael Gronager, PhD, Jan Moller, Jonathan Levin
It was observed that the funds going to mixers primarily comes from Darknet markets, hackers, North Korean Lazarus Group, Defi protocols, centralized exchanges, as well as addresses connected to illicit activities linked to sanctioned countries.
