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Blockchain detectives: Mt. Gox collapse saw birth of Chainalysis

Published 09/27/2023, 09:30 AM
Updated 09/27/2023, 10:00 AM
Blockchain detectives: Mt. Gox collapse saw birth of Chainalysis
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Its been more than a decade since 850,000 BTC went missing from Mt. Gox, yet the collapse of the former exchange remains one of the most infamous black swan events of the cryptocurrency ecosystem.

While creditors of the defunct exchange are edging closer to some form of restitution, Mt. Goxs demise ended up playing an important role in the development of tools to identify, track and tackle the illicit movements of funds through the wider cryptocurrency industry.

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A visual representation of the Chainalysis Reactor being used to help trace funds following the $650-million Axie Infinity Ronin Bridge hack. (Chainalysis)
Could a man like Sterlingov, who loves his cat, be a Bitcoin mixer? Well find out in court. (torekeland.com)
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An excerpt from a Chainalyis report highlighting the emergence of Sinbad and its use by North Korean hackers. (Chainalysis)

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