Chainalysis acquires cybercrime investigative firm Excygent in fight

Blockchain analytics firm Chainalysis has purchased cybercrime investigative company Excygent for an undisclosed amount, hinting that the two will continue to work together to help “dismantle ransomware operations.”

In a Tuesday announcement, Chainalysis CEO Michael Gronager said the firm had collaborated with Excygent on the seizure of cryptocurrency connected to the now-defunct darknet market Silk Road, shutting down a major child abuse website, disrupting campaigns related to the financing of terrorism and other projects. Gronager said staff from Excygent would join the firm’s Investigations and Special Programs team to support investigations of thecryptocurrency used in cybercrimes.