Chainalysis Lays Off 15% of Staff Amid Crypto Winter, Shifts Focus to Government Sector

Chainalysis laying off 150 employees, 15% of staff, amid crypto winter
Second round of cuts this year as commercial demand falls
Shifting focus to more stable government contracting
Majority of cuts in marketing, business development for private sector
Bear market means less trading revenue, blockchain activity
Previously expected 50% growth mid 2022-2023, now scaling back
Public sector provides 70% revenue; expanding offerings for governments
Aiming to help governments with more regulatory needs beyond AML

forbes.com

Relevant topic timeline:

10/3/2023

Crypto Analytics Firm Chainalysis Lays Off 15% of Staff Due to Bear Market

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