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Crypto Snoop Chainalysis Raises $30 Million to Spy on Your Bitcoin Transactions

P. H. Madore
Chainalysis , bitcoin

Chainalysis, the company that works to track crypto transactions, has completed their second fundraising round. Led by venture capital firm Accel, a total of $30 million was raised.

Chainalysis Doubling Down in London

One of the first moves they will make with the cash injection is to double their employees in London. Accel’s London-based Phillippe Botteri gains a board seat at Chainalysis as a result.

The city is optimal for its proximity to top universities that increasingly recognize cryptocurrency as a technology poised to reshape the way people exchange value across the world. The office will position us to work with the major financial institutions and cryptocurrency businesses based in that market, as well as European governments.

Chainalysis is one of the biggest contractors with the IRS. As CCN reported last year, they received the bulk of the money the IRS spent tracking crypto payments – more than $5 million.

Read the full story on CCN.com.