- Chainalysis welcomes the team of Abaxx Associates for an undisclosed amount.
- The Chainalysis will utilize Abaxx’s expertise in large scale data analytics, lead generation and investigative services.
- Claims that they will continue to lend services to govt. agencies in enhancing trust on the blockchain.
Chainalysis, a leading cryptocurrency forensics firm has acquired Abaxx Associates, LLC, a government professional services firm that promotes financial intelligence and experts in financial data exploitation and analysis, for an undisclosed acquisition’s valuation.
In the official announcement, Michael Gronager, CEO, and Co-Founder of Chainalysis Inc. welcomes the new team stating that Chainalysis & Abaxx have worked together while supporting the virtual currency and financial crime investigations motivating them to scale it larger in data analytics, lead generation, and investigative services.
Eric Scofield, CEO of Abaxx shares in an interview, “The Abaxx team is thrilled to join forces with Chainalysis and combine our industry and domain expertise with the world-class data and technology that Chainalysis is pioneering. Chainalysis is positively changing the landscape for financial crime fighters everywhere.”
Chainalysis has been at the front in supporting government agencies to build trust in blockchains and conversant with the rise in crypto-linked crimes.