Chainalysis, a startup company that provides cryptocurrency investigation and compliance services, has provided $ 170 million in a series of F-Series funding led by GIC, Singapore’s sovereign wealth fund. The company, which is known for helping law enforcement fight illegal cryptocurrencies, doubled to $ 8.6 billion from its circle last June.

The news of the funding was first announced by The information citing a source and comes at a time when investors are struggling to come to terms with the collapse of the crypto market. Total crypto market capitalization fell to a ten-month low, with bitcoin trading below $ 30,000 on Monday.

Before this new round, the company have raised $ 366 million from investors including Benchmark, Accel, Paradigm and Coatue. It opened offices in Singapore and Tokyo in 2020 until “doubling”Since its presence in APAC and to date has served clients, including government agencies, stock exchanges, financial institutions and cybersecurity companies in over 70 countries.

Most recently it was Chainalysis credited by helping journalist Laura Sheen track the suspects behind the 2016 DAO hack, which involved a $ 11 billion loss of ether.

Some investors are worried that the collapse of the cryptocurrency could cool the financing craze in space, but by the first quarter things were still looking bright. Cointelegraph research shown more than $ 14.6 billion was poured into crypto infrastructure, irreplaceable tokens (NFT), decentralized financing (DeFi) and other web3 startups in the first quarter, accounting for nearly half of last year’s total funding.

Indeed, we have seen some mega-circles of funding recently. Singapore-based startup cryptocurrency and asset management company Amber Group is reportedly raising a new round of Estimate of $ 10 billion; eleven months ago, he had just reached unicorn status in a $ 100 million funding round. The value of the cryptocurrency exchange KuCoin rose to 10 billion dollars with an increase of 150 million dollars, announced this week.

Crypto forensics startup Chainalysis raises $170M at $8.6B valuation

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