Chainalysis co-founder and CEO Michael Gronager has personally left the company. The blockchain analytics team does not share the reason, but says the development is temporary.
According to The Block, which first reported the news, Chainalysis President and COO Sari Granat, who joined in 2022, will serve as interim CEO.
Based in New York, the 10-year-old Chainalytic has quickly developed a reputation as a “crypto detective,” working on behalf of the U.S. government and corporate clients. A year ago, Chainalytic laid off more than 15% of its 900 employees and planned to focus more on government contracts, according to The Block.
The company, whose early investors include Benchmark, was valued at $8.6 billion by investors in its sixth funding round in 2022, but its valuation appears to have slowed since then. Katie Haun, a cryptocurrency investor who first discovered Chainalysis in her capacity as a federal prosecutor, reportedly began purchasing secondary shares of the company in April, valuing it at $2.5 billion.
