Chainalysis Raises $1.6 Million, Signs Cybercrime Deal with Europol

[BitcoinXio]

New York-based blockchain startup Chainalysis has signed a memorandum of understanding with Europol’s European Cybercrime Centre (EC3) that will see the firms collaborating on efforts to fight online crime. The news comes as the firm closes a $1.6m seed funding round led by Point Nine Capital, with Techstars, Digital Currency Group, Funders Club and Converge VP also investing.

Chainalysis, which is an official investigator for the creditors of collapsed bitcoin exchange Mt Gox, says the memorandum it has signed with Europol promotes collaboration and information sharing. The company suggested that the deal arose from the firm's experiences in different cybercrime cases that enable it to give guidelines for investigators when tracing bitcoin funds.

Read more: http://www.coindesk.com/chainalysis-1-6 ... ybercrime/