Crypto Tracking Firm Chainalysis Raises $100M

Jun 24, 2021 · 1 min read
Crypto Tracking Firm Chainalysis Raises $100M
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As crypto’s involvement in ransomware becomes a mainstream worry, Chainalysis has raised another $100 million in venture money.

Chainalysis has raised $100 million in a new funding round. The company’s valuation is now at $4.2 billion. Chainalysis was founded in by former Facebook and Twitter executives. It was valued at $ billion in March.

U.S. authorities were able to seize much of the bitcoin paid by Colonial Pipeline as ransom to the DarkSide hacking group. Chainalysis, CipherTrace, Elliptic, TRM Labs and Blocktrace helped track illicit funds moving across public blockchains.

The company is supposedly hiring hundreds of new employees with their new cash stack.

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