Public Key

Pig Butchering: Crypto’s Emerging Human Trafficking And Romance Scam Industry If you’ve ever gotten a friendly text message from a seemingly wrong number you might have been a target of the latest industrial scale scam targeting wealthy individuals around the world, known as Pig Butchering. In this week’s episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined by Alastair McCready, Southeast Asia Editor of Vice World News, who is based in Cambodia and has been investigating this human trafficking, romance, investment and crypto connected scam from its source.  Alastair explains how the scammers ensnare their victims by first building friendship and sometimes romance. We also learn that many of the scammers are victims themselves having been trafficked and held against their will forced to work for powerful organized crime rings. Some estimates put the profits from this scheme at more than $1 Billion, with very little resistance from pandemic stricken and financially depleted governments.   Minute-by-minute episode breakdown (2:05) – What is Pig Butchering and how does it differ from other scams and schemes associated with cryptocurrency  (4:25) – Analyzing whether Pig Butchering is a Billion Dollar industry  (7:05) – The process in which the scammers bonded with their victims and slowly gained trust (10:45) – Detailed look at how scammers were able to utilize crypto and legit exchanges to drain victims of their life savings (15:05) – Real life cases of human trafficking and forceable confinement in former casino resorts (18:03) – Uncovering the brutality and inhumane conditions of the human trafficking victims  (20:25) – Understanding if governments are compliant in this activity or taking action to stop pig butchering operations (23:05) - The importance of spreading the word about this emerging industrial scale scam Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Article: From Industrial-Scale Scam Centers, Trafficking Victims Are Being Forced to Steal Billions Report: The Chainalysis 2022 Crypto Crime Report Report: The Chainalysis State of Web3 Report Blog: OFAC Sanctions Popular Ethereum Mixer Tornado Cash for Laundering Crypto Stolen by North Korea’s Lazarus Group Blog: Public Sector Survey Preview: Chainalysis 2022 State of Cryptocurrency Investigations Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Alastair McCready (Southeast Asia Editor, Vice World News) https://www.linkedin.com/in/alastair-mccready-00088468 This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.   

Behind The Scenes of the Chainalysis State of Cryptocurrency Investigations Survey The Chainalysis 2022 State of Cryptocurrency Investigations Survey was released last month and in this week’s episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined live from our Washington DC studio by colleague, Joe Saar (Training Specialist) to analyze the feedback that we received from the Public Sector.  With his former law enforcement background, Joe explains how cryptocurrency is becoming more prevalent in police investigations and the need for educating law enforcement has grown in order to detect illicit activity, secure search warrants and seize crypto assets. This episode is packed full of great tips for investigators and some old police stories that you can’t miss.  Minute-by-minute episode breakdown (2:05) – Joe Saar’s origin story of kicking down doors with SWAT and fighting drugs and human trafficking at street level before going to business school and discovering Bitcoin (4:45) – Undercover operations as an undercover Darknet Market Fentanyl Trafficker  (7:05) – Chainalysis Public Sector survey reveals demand for law enforcement to get trained in cryptocurrency (10:45) – Is Law Enforcement seeing an increase of crypto connected to their investigation? (16:05) – The changing perspective of how Law Enforcement views crypto from negative to more accepting (19:03) – How to effectively prepare a crypto case for subpoenas, search warrants and judges and be able to educate during the process  (24:55) – The important of seizing cryptocurrency that has been obtained by illicit activity  (26:05) - How the Chainalysis Academy is taking investigator from zero to one in their crypto knowledge  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Chainalysis Academy Blog: Public Sector Survey Preview: Chainalysis 2022 State of Cryptocurrency Investigations Report: The Chainalysis 2022 State of Cryptocurrency Investigations Survey Book: American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road Report: The Chainalysis 2022 Crypto Crime Report Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Joe Saar  (Training Specialist, Chainalysis) https://www.linkedin.com/in/uscjoes44 This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

MEV Dark Forest: The Mystery Behind Ethereum Frontrunning In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined by the podcast’s first anonymous guest.  Nicknamed “Hazard”, the CEO of Rook, demystifies the “Dark Forest” of one of the greatest challenges of the Ethereum, MEV, which stands for maximal extractable value.  Hazard clarifies extremely technical concepts around frontrunning, sandwich attacks and Flashbots. Class is in session for this episode as Hazard provides informative insights into how MEV impacts users of Ethereum and explains why simple solutions being suggested could potentially compromise the decentralization of the network.  Minute-by-minute episode breakdown (2:05) – Hazard’s origin story as a Mathematician and stumbling across the Bitcoin Whitepaper and progressing from Discord to Core Team at Rook (7:45) – What is MEV is and how it fits into the cryptocurrency technology stack  (13:49) – How do large mining pools and private mempools impact MEV (20:00) – Should Ethereum users be genuinely concerned about market manipulation connected to MEV (25:05) – How does the MEV problem get fixed or is it just a cost of doing business to ensure miners are actively participating (28:55) – What is Rook.fi and how is it helping individuals and developers manage MEV (32:15) – The methodology on how to ensure that the MEV goes back to the user versus only going to the miner Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report: The Chainalysis State of Web3 Report Webinar: The State of Web: Watch On Demand (with Ethan McMahon and Kim Grauer Website: Rook Website Article: Flash Boys 2.0: Frontrunning in Decentralized Exchanges, Miner Extractable Value, and Consensus Instability Case Study: Rook Whale Case Study Blog: Introducing Chainalysis Government Solutions Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews “Hazard”  (CEO, Rook) https://twitter.com/0x81B This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

What You Need To Know Before The EU's MiCA and Travel Rule Regulations Comes Into Effect In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined by podcast, Caroline Malcolm (Head, International Public Policy & Research, Chainalysis), whose been filling the Chainalysis blogs with insights and clarification on the EU’s emerging Markets in Crypto-Assets (MiCA) and Travel Rule regulations and what it means for the crypto industry.  Caroline and Ian discuss the impact of these regulations on personal wallets, stablecoins and licensing requirements, while identifying where NFTs and DeFi land in this new regulatory framework.  This is a must listen for those trying to understand the most comprehensive cryptocurrency regulations of any jurisdiction globally to date.  Minute-by-minute episode breakdown (1:55) – Describing EU’s regulatory mandate regarding crypto assets as it relates to MICA and the Transfer Fund Regulation (5:15) – Insights into the Travel Rule and How the EU’s TFR implementation goes beyond FATF recommendations (9:30) – The EU’s stance regarding unhosted / personal wallets  (13:50) – Balancing collection of identification information by Crypto Asset Service Providers (CASPs) and privacy mandates  (16:05) –Can crypto users exploit and circumvent the EU policy objectives around proof of wallet ownership (19:08) - What topics MiCA does cover and what is excluded (NFTs and DeFi) from the pending regulations  (24:05) - What is a CASP and how does discrepancies in definitions create challenges for cryptocurrency firm (26:15) - How former Facebook’s Diem project influenced MiCAs stance on stablecoins and asset referenced tokens (29:30) - Does MiCA have the opportunity to set the standard when it comes to market manipulation regulations (32:00) How does environmental concerns over proof of work protocols impact MiCA regulations  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Blog: EU Agrees on Comprehensive Cryptocurrency Regulations: Part 1 of Our Breakdown Blog: Breaking Down the EU’s New Cryptocurrency Regulations, Part 2: The MiCA Licensing Regime Podcast / Blog: Everything You Need To Know About The Cryptocurrency Travel Rule Report:The Chainalysis State of Web3 Report Webinar: The State of Web: Watch On Demand (with Ethan McMahon and Kim Grauer) Video: Chainalysis Links New York 2022 (Video Replays)  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Caroline Malcolm (Head, International Public Policy & Research, Chainalysis) https://www.linkedin.com/in/malcolmcaroline This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.   

Why Crypto Mixer Usage Has Reached All-time Highs in 2022 In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) sets a new podcast first, by recording live in the New York Studio.  Ian is joined by podcast favorite, Kim Grauer (Director of Research, Chainalysis), who is the lead researcher on the recent blog, Crypto Mixer Usage Reaches All-time Highs in 2022… Funds going to mixers in 2022 have doubled over last year and Ian and Kim cover how mixers are used in the crypto ecosystem and the large amount of illicit funds that are being received by them. They also discuss recent law enforcement action against mixers and the surge in smart contract mixers correlated with recent DeFi hacks.  Minute-by-minute episode breakdown (2:05) – Highlighting the year over year increase of cryptocurrency being sent to mixers  (5:01) –Understanding the legitimate uses of utilizing cryptocurrency mixers and how mixers could be more compliant (7:25) – Breaking down the stats of how much illicit activity is connected to crypto mixers (8:45) – The sudden rise in scrutiny and law enforcement action on mixers (12:05) – The strategy behind crypto mixers issuing their own tokens (14:20) - Identifying and describing the differences between the 3 main types of crypto mixers (16:10) - How the surge in hacking has changed the landscape in money laundering using mixers Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Blog: Crypto Mixer Usage Reaches All-time Highs in 2022 With Nation State Actors and Cybercriminals Contributing Significant Volume Report:The Chainalysis State of Web3 Report Webinar: The State of Web: Watch On Demand (with Ethan McMahon and Kim Grauer) Blog: Defi Hacks Are on the Rise Blog: How the Crypto Industry Can Leverage Blockchains’ Transparency to Understand and Prevent Market Contagion Video: Chainalysis Links New York 2022 (Video Replays)  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Kim Grauer (Director of Research, Chainalysis) https://www.linkedin.com/in/kimberly-grauer-a9501144 This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Putting The Stability Back Into Stablecoins In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined by Caroline Hill, Director of Global Policy and Regulatory Strategy, at Circle, who brings her 7+ years of US Treasury Department experience to discuss the regulatory regime around stablecoins, the impact of rushing to create CBDCs and Circle’s ambition to be the most regulated stablecoin.  The conversation highlights that not all stablecoins are created equal and touches on the epic failure of the Terra LUNA stablecoin and how more transparency regarding reserves is needed. She also covers some of the exciting and innovative products coming out of Circle including Verite and the Euro stablecoin, EUROC.  Minute-by-minute episode breakdown (2:15) – Caroline’s origin story going from detecting sanction evaders to innovative financial technologies helping with remittances (5:45) – Why the USA financial system is fine but far from being innovative leader (9:45) – Does international policy and regulation in crypto foster financial innovation  (14:11) – The stability behind USDC and the use case for stablecoins  (18:25) – Would CBDCs be a good idea for government, private sectors, traditional FIs and financial inclusion? (23:55) – Is China weaponizing their CBDC and making mitigating sanctions evasion more difficult  (25:00) –Not all stablecoins are stable and not all created equally  (28:15) – How digital identity can be privacy preserving yet meet AML requirements without creating vulnerable honeypots (30:10) – Conducting “follow the money” investigations with stablecoins  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report:The Chainalysis State of Web3 Report Webinar: The State of Web: Watch On Demand (with Ethan McMahon and Kim Grauer) Circle Blog: Circle Yield. Built Differently. Circle Blog: Reflections on Europe’s Markets in Crypto-Assets Framework (MICA) Website: Verite: Decentralized identity for crypto finance Circle Blog:Circle’s newest stablecoin, Euro Coin (EUROC) is here Circle Blog: Information about Circle’s reserves and redemptions Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Caroline Hill (Director of Global Policy and Regulatory Strategy, Circle) https://www.linkedin.com/in/caroline-hill-4a1b7814 This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.   

Behind the Scenes of the Chainalysis State of Web3 Report In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) fresh off the Chainalysis Links Conferences in APAC region, returns just as the State of the Web3 Report hits newsstands.  Ian is joined by colleague, Ethan McMahon (Economist, Chainalysis), who is the lead researcher on the highly anticipated Web3 Report. The conversation covers the biggest topics featured in the report including adoption trends of new Layer1 and Layer 2 blockchains, the rise of decentralized exchanges and identity in web3 and everything you need to know about staking, gaming and the digital real estate in the metaverse.  Minute-by-minute episode breakdown (2:15) – Ethan’s origin story and timing the markets  (4:45) – How crypto got content and what does that mean for the future of web3 (7:05) – Programmable money and building on top of the top blockchains (11:10) –How the blockchain can be used to solve for identity issues of web2 (15:15) – The Evolution of Ethereum Name Service (ENS) and identity  (17:50) –Decentralized Exchanges gaining popularity over Centralized Exchanges in recent years  (20:13) –Staking on Ethereum being outpaced by Solana Blockchain  (22:30) – Gaming, The Metaverse and soaring digital real estate prices  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report: The Chainalysis State of Web3 Report Webinar: The State of Web: Watch On Demand (with Ethan McMahon and Kim Grauer) Blog: How the Crypto Industry Can Leverage Blockchains’ Transparency to Understand and Prevent Market Contagion Blog: New Layer 1 Blockchains Are Expanding the DeFi Ecosystem But No Eth Killers Yet Report: a16z:  Introducing the 2022 State of Crypto Report Video: Chainalysis Links New York 2022 (Video Replays)  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Ethan McMahon  (Economist,  Chainalysis)  This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Blockchain Investigations and  Illicit Threats Emerging In Crypto Ecosystem In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined live from New York City at the Chainalysis Links Conference by Erin Plante, who leads our Investigations and Special Projects team and discusses the intricacies of complex blockchain investigations and quick responses to major platform hacks The conversation covers a wide range of topics, including the aftermath of a crypto exchange being sanctioned, DeFi platforms as the popular target for crypto theft and state sponsored attacks and how we might improve consumer protection in Web3. Minute-by-minute episode breakdown (2:30) – Erin Plante’s origin story on buying bitcoin from strangers on craigslist  (5:45) – Emerging trends in crypto crime and the evolution  from darknet payments to ransomware proceeds (10:25) –OFAC’s increased action against high risk exchange’s obfuscation of proceeds of ransomware  (14:15) –How public private partnerships are increasing the ability to recover stolen or hacked funds  (15:45) –Weighing the pros and cons of decentralization and consumer protection  (19:08) – Describing the panic after the first few hours after a cryptocurrency hack  (22:32) – North Korea’s powerful hacker cells and international cyber warfare  (23:50) –How Google and Chainalysis tackled botnet cybercrime including Glupteba malware Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report:The Chainalysis State of Web3 Report (Reserve your copy - Coming June 2022) Webinar: The State of Web: June 30, 2022 at 11am ET (with Ethan McMahon, Economist) Blog: Meet the Malware Families Helping Hackers Steal and Mine Millions in Cryptocurrency Blog: New Layer 1 Blockchains Are Expanding the DeFi Ecosystem But No Eth Killers Yet Reply All Podcast :A podcast about the internet,  that is actually an unfailingly original exploration of modern life and how to survive it. Company News: Introducing the Chainalysis Crypto Incident Response Program Video: Chainalysis Links New York 2022 (Video Replays)  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Erin Plante (Senior Director of Investigations, Chainalysis) https://www.linkedin.com/in/erinplante   This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.     

Chainalysis: The Past, The Present, The Future In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined live from New York City at Chainalysis Links Conference with co-founders of Chainalysis, Jonathan Levin  (Chief Strategy Officer) and Michael Gronager (Chief Executive Officer) and talk about the early days of the Bitcoin community and going from skeptic to believer after over a decade in the space.  The conversation goes into the backstory of the Chainalysis Cofounders as they build one of the key infrastructures in the cryptocurrency ecosystem.  They cover everything from building during a bear market, the product launches of Storyline and Playbook, to the innovations they are most excited about as the future of blockchain technology expands.  Minute-by-minute episode breakdown (2:05) – Michael’s crypto  origin stories, Mt. Gox hacks and the crypto community during the early blocks  (4:45) – Jonathan early thoughts of crypto arbitrage and the economic incentives that secured Bitcoin  (6:45) – Going from Bitcoin Skeptic to Bitcoin Believer over the last decade (9:10) –How the crypto market downturn can be used to build the innovation that leads to the next bull run (13:15) – The future and innovation of the blockchain being used in new ways (14:57) – Speculation on the price of Bitcoin Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report:The Chainalysis State of Web3 Report (Reserve your copy - Coming June 2022) Blog: How the Crypto Industry Can Leverage Blockchains’ Transparency to Understand and Prevent Market Contagion Blog: New Layer 1 Blockchains Are Expanding the DeFi Ecosystem But No Eth Killers Yet Company News: Introducing Chainalysis Storyline: The First Blockchain Analysis Tool Designed for Web3 Company News: Chainalysis Doubles Private Sector Business and Raises New Funding to Double Its Valuation to $8.6 Billion Webinar: The State of Web: June 30, 2022 at 11am ET (with Ethan McMahon, Economist) Video: Chainalysis Links New York 2022 (Video Replays)  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Jonathan Levin  (Co-Founder and Chief Strategy Officer, Chainalysis) https://www.linkedin.com/in/jonylevin Michael Gronager (Co-Founder and Chief Executive Officer, Chainalysis) https://www.linkedin.com/in/gronager This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

What Does Crypto VC Funding Look Like In A Bear Market? In this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) is joined by Ed Sim (Founder and Managing Partner, Boldstart Ventures) to discuss what it takes to build companies in an economic downturn, how he finds great founders and what crypto tech gets him excited.  The conversation addresses tokenization versus infrastructure and databases versus blockchain and reviews why Boldstart just raised two new funds to continue to build their crypto portfolio amidst heightened volatility and fear in the current bear market and various outcomes on enterprise blockchain use cases.  Minute-by-minute episode breakdown (2:05) – Boldstart’s crypto origin story of partnering with tech founders before company creation and creation of tipping using crypto (4:25)  – Boldstart partners with IBM to review blockchain enterprise use cases and future investment opportunities  (6:40) – The difference between needing a database versus a blockchain  (11:25) – The strategy to investing into the core infrastructure of crypto applications and user experience (15:27) –Raising funds during a volatile or bear market  (18:00) – How investment into crypto is moving away from just projects with tokens to also projects with infrastructure alone  (26:18) –How do you pick crypto founders that are thinking long term sustainable growth to invest in  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Blog: The Trades That Triggered UST’s Collapse Boldstart Newsletter: Ed Sim's weekly readings and notes on enterprise VC, software, and scaling startups Boldstart Website: The Chainalysis 2022 Crypto Crime Report Boldstart Fund Announcement: Announcing $367M in new Boldstart Venture Capital funds Video: Chainalysis Links New York 2022 (Video Replays)  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Ed Sim (Founder and Managing Partner, Boldstart Ventures) https://twitter.com/edsim This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.