Chainalysis is a blockchain data platform dedicated to providing cryptocurrency users with tools to safely navigate the cryptocurrency market.
Founded in 2014, this New York-based company is the first startup dedicated to the Bitcoin tracking business.
Chainalysis’ blockchain data platform offers complete blockchain knowledge and allows users to know their clients, secure their platform, and resolve their cases.
Chainalysis’ blockchain data platform is an industry-leading tool for investigating cryptocurrency transactions.
With advanced analytical capabilities such as automatic chain detection and cross-chain graphs, Chainalysis Reactor is a cryptocurrency investigation tool that enables law enforcement to solve and prevent crimes by linking real-world cryptocurrency activity.
Furthermore, Chainalysis Reactor is a cryptocurrency research software that allows users to easily track cryptocurrency transactions.
What is Chainalysis and how it works
Chainalysis Fundamentals
Chainalysis is a blockchain data platform that provides cryptocurrency transaction insights and analysis to businesses, real-world entities, banks, and governments.
The company was founded in 2014 and has since been helping its clients better understand blockchain and make informed decisions.
Reactor and blockchain analysis
Chainalysis Reactor is a blockchain analysis tool that allows users to track cryptocurrency transactions and obtain detailed information about the parties involved in those transactions.
The Reactor collects data from multiple sources, including cryptocurrency exchanges, and analyzes it to provide useful information to users.
Solutions for companies and governments
Chainalysis offers solutions for businesses and governments that enable them to better understand blockchain and make informed decisions.
For example, the company offers compliance solutions that help companies comply with regulations and prevent money laundering.
It also offers investigation solutions that help government agencies track cryptocurrency transactions and identify criminals.
Chainalysis Applications in Fighting Crime
Chainalysis is a blockchain analysis company that has become an important ally in the fight against crime. Its blockchain analysis tools help law enforcement agencies around the world catch criminals hiding behind the use of cryptocurrencies.
Ransomware and hacker group investigations
Chainalysis has worked on major theft and hack cases, including the investigation of the Lazarus Group, a North Korean hacking group responsible for several global cyberattacks.
The company has helped identify and track cryptocurrency transactions used to finance these illegal activities.
The company has also been instrumental in the fight against ransomware, a form of malware that encrypts a user’s files and demands a cryptocurrency ransom to unlock them.
Chainalysis has helped law enforcement track and recover cryptocurrencies paid as ransom in several ransomware cases.
Collaboration with government agencies
Chainalysis collaborates with government agencies around the world to help in the fight against crime. The company has worked with the US Secret Service and the FBI to track and recover stolen cryptocurrency.
It has also collaborated with the United Kingdom police and Europol in the fight against drug trafficking on the dark web.
In Spain, Chainalysis has been hired by several institutions to help in the fight against cryptocrime. Chainalysis’ software, Reactor, is capable of turning blockchain into an investigation and analysis tool, making it highly valuable to law enforcement.
