Crypto-Sector Firm Chainalysis Cuts Jobs in Reorganization (1)

Chainalysis Inc., a company that specializes in tracking crypto transactions and the entities behind them, said it’s made layoffs affecting less than 5% of staff.

The company, whose backers include Singapore’s sovereign wealth fund GIC, has about 900 employees following the job cuts, a Chainalysis spokesperson said Wednesday.

The spokesperson said the cuts are part of a wider reorganization, adding that the business is well-capitalized and that it will build out teams under a refocused strategy this year.

Founded in 2014, Chainalysis has gained prominence for collaborating with the US and other governments on crypto-related probes. That ...