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Michael Gronager , the co - founder and longtime CEO ofChainalysis , has agreed to leave the company for good , two calendar month after taking atemporarypersonal farewell of absence seizure .
Chainalysis , a buzzy 10 - year - old , New York - free-base blockchain data weapons platform , will now be led by co - laminitis Jonathan Levin , as Levin recount TechCrunch , explaining that on Tuesday , its board of film director give him Gronager ’s business . But Levin , who has long swear out as the outfit ’s chief strategy police officer , will do more than start the troupe as chief operating officer ; he will also maintain his other roles .
“ I ’ve been running R&D , and I think the CEO should be the primary product ship’s officer , so I ’m making no change to our R&D leading team ; it will uphold to account directly to me , ” he said in an interview on Wednesday .
Levin decline to supply more data about Gronager other than to say that Gronager is also no longer on the Chainalysis board but retains his fairness in the ship’s company .
A message to Gronager on Wednesday from TechCrunch hold out unreturned .
ask about Chainalysis ’ fiscal wellness , Levin said the inauguration is “ stay on to invest in our growing , ” and that “ we do n’t need to raise capital . We conjure $ 175 million in 2022 and [ still ] feel strong about the cash position of caller . ” He add that his direction will be on “ executing , the expansion of our risk of exposure political program , and going profoundly with our government client across the Earth to assure they can handle with the increase demand of crypto . ”
Chainalysis , whose former investor include Benchmark , was valued by investor at $ 8.6 billion during that 2022 support around . Crypto investor Katie Haun , who first discovered Chainalysis in her capacity as federal prosecutor , reportedly beganbuying upsecondary shares of the company at a evaluation of $ 2.5 billion this retiring April .
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Considered a “ crypto detective , ” one whose clients let in the U.S. government and a blanket grasp of corporations , Chainalysis in late 2023 laid off slenderly more than 15 % of its staff of 900 , with plans to focalize more straightforwardly on government contracting , according to The Block .
The entire crypto industry has been in bounce - back mode in more recent weeks , as the incoming Trump administration sign a far friendlier position toward digital currencies . The most obvious proof point : The price of bitcoin reached a record high of $ 100,000 on Wednesday .
Above : Levin at a StrictlyVC result hosted by TechCrunch in November 2024 .
