Chainalysis Acquires Cybercrime Investigations Agency Excygent

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Blockchain knowledge platform Chainalysis introduced it has acquired Excygent, an expert companies agency that helps authorities businesses with cybercrime investigations, knowledge processing and lead era, for an undisclosed quantity.

  • The deal marks Chainalysis’ first acquisition and follows its $100 million funding spherical in June at a $4.2 billion valuation.
  • “Cybercrime like ransomware is likely one of the greatest boundaries to constructing belief in cryptocurrency,” stated Chainalysis co-founder and CEO Michael Gronager in a press launch. “The experience introduced by the Excygent crew straight aligns with our mission to leverage the transparency of blockchains to weed out unhealthy actors from the ecosystem and in the end promote extra monetary freedom with much less danger.”
  • Based in 2018 in Washington, D.C., Excygent assists organizations with cyber investigations and operational knowledge evaluation by both augmenting current capabilities or offering the total investigative and evaluation options as a service.
  • Excygent has collaborated with Chainalysis prior to now to help authorities company investigations that included the seizure of greater than $1 billion in cryptocurrency tied to Silk Highway, in response to Chainalysis’ weblog.

CORRECTION (Oct. 5, 19:06 UTC): A earlier model of this story misstated details about Chainalysis’ earlier funding spherical – it was in June at a $4.2 valuation, not in March at a $2 billion valuation.

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