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Despite the apparent rise in blockchain-related crime, the report suggests that regulators and government agencies have access to higher quality analytics and on-chain data than ever before. The venture aimed to create a platform that enables governments and financial institutions to reduce the threat of cybercrime and stolen funds when interfacing with public blockchains. Also, Chainalysis KYT provides a safe on-ramp to the world of Web3 and decentralized finance, and adds more than new services each week. Chainalysis has investigated some of the most prominent cases in the industry and has aided government agencies worldwide. The firm has established itself as a prominent player in the blockchain data industry, providing data, software, services and research to government agencies, financial institutions, insurance companies and cybersecurity firms worldwide, the release said.
