Chainalysis and AlixPartners Forge a New Anti-Fraud Alliance

Chainalysis, a blockchain analytics company, has announced a strategic partnership with the global consulting firm AlixPartners. The alliance is focused on enhancing AlixPartners’ capabilities in cryptocurrency monitoring, fraud detection, and digital asset analysis.  

As part of the collaboration, AlixPartners’ teams will receive both practical training and access to Chainalysis’s state-of-the-art tools, empowering them in blockchain data monitoring and risk evaluation for crypto transactions. This information will allow clients to make more confident, informed choices.  

This collaboration strengthens AlixPartners’ expertise in forensic investigations and our overall capabilities related to cryptoassets and blockchain technology

said David White, AlixPartners’ Managing Director.

White emphasized that new technologies inevitably attract fraudsters, and with the growth of DeFi, crypto markets are witnessing traditional schemes like insider trading, market manipulation, pump-and-dump, and Ponzi schemes.  

In response to increasing crypto fraud, companies are turning to specialized tools to track suspicious assets and protect themselves from potential sanctions.  

Chainalysis’s 2024 Crypto Crime report estimates illegal crypto transactions globally exceed $24.2 billion.  

Since 1981, AlixPartners has been recognized for its work in restructuring, bankruptcies, and forensic asset analysis. The firm played a key role in the recovery of $17.5 billion in the Bernie Madoff case and is currently assisting in the restructuring of bankrupt crypto exchange FTX.