Chainalysis support extended to six DeFi-focused tokens

Analysis Software

Blockchain analysis firm Chainalysis, which was recently valued at £3.6 billion, has added advanced investigation and compliance support for six widely-used ERC-20 tokens.

Of these tokens, five belong specifically to decentralised finance (DeFi) protocols, while the remaining ‘renBTC’ is designed to allow for the permissionless transfer of Bitcoin to and from Ethereum for use in DeFi applications.

Collectively during Q2 2021, the six tokens had a combined trading...

Chainalysis valued at £3.6 billion after series E funding

ICO - ICOBox

The blockchain analytics and intelligence firm, Chainalysis, has raised $100 million (£72m) after its fifth round of funding, bringing its total valuation to $4.2 billion (£3.6bn).

Funding was led by investment management company Coatue, with further funds being provided by Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage and SVB Capital.

This latest round of funding follows on from a successful series D round back in March 2021 in which Chainalysis raised $100m...

Chainalysis investigation shows connections between four notorious ransomware strains

Chainalysis, a blockchain analysis company, has released part of a report showing potential connections between four major ransomware cybercrime groups.

The company's 2021 Crypto Crime Report, which is due to be fully released in February, analyses blockchain ledgers to identify how cybercriminals are using cryptocurrencies.

Maze, Egregor, SunCrypt, and Doppelpaymer are the primary groups identified in the report.

Use of ransomware massively increased in 2020,...