On February 3, leading cryptocurrency forensics firm Chainalysis announced that it has acquired Abaxx, a government consultancy firm.
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Based in Great Falls, Virginia, Abaxx touts its management consulting as well as data analytics and financial intelligence services. Chainalysis is, meanwhile, the leading firm in blockchain analytics for financial investigations and a major contractor for the US government.
In a statement to The Block, Eric Scofield, CEO of Abaxx wrote: “The Abaxx team is thrilled to join forces with Chainalysis and combine our industry and domain expertise with the world-class data and technology that Chainalysis is pioneering. Chainalysis is positively changing the landscape for financial crime fighters everywhere.”
Scofield founded Abaxx after leaving the US Treasury’s analysis and intelligence office in 2015. Chainalysis declined to share the dollar amount of the acquisition.
Flush with cash from fundraises earlier in 2021, Chainalysis has been acquiring other firms and new employees at speed. In October, the firm announced the acquisition of Excygent