Chainalysis, a startup that sells services to detect and track crypto fraud, has amassed a new round of $ 8.6 billion, including an investment, according to a person with direct knowledge. GIC, Singapore’s sovereign wealth fund and an existing investor in the company, is managing the $ 170 million investment, the man said.
The F-Series deal doubled the $ 4.2 billion estimate set by the New York-based company in June when it raised $ 100 million in E-Series funding led by Coatue Management. The new fundraiser comes amid a deep sell-off of cryptocurrencies, prompting some investors to expect the end of last year’s rush to support cryptocurrencies. The price of bitcoin fell below $ 30,000 on Monday night, a 10-month low that sparked fears of another crypto winter – a long period of low prices.