AlixPartners, a global consulting firm, has announced a partnership with Chainalysis, a leading blockchain data platform, to enhance digital asset support services, particularly in forensic investigations and risk compliance. The collaboration was announced by Chainalysis. The partnership comes in response to the increasing complexity of crypto fraud and the evolving regulatory landscape, necessitating robust solutions for forensic investigations and compliance assessments.
As part of the collaboration, AlixPartners will join the Chainalysis Services Provider program, enhancing the firm’s litigation support capabilities within the global digital assets industry. The collaboration will encompass services such as cryptocurrency tracing, forensics, compliance assessments, data analytics, and expert witness testimony. In addition, AlixPartners professionals will be trained as Chainalysis Certified Investigators, expanding the range of services available to Chainalysis clients.
The partnership aims to address the growing demand for innovative solutions among cryptoasset exchanges, crypto-native companies, financial institutions, and government agencies to track crypto transactions for investigative and compliance purposes. By integrating Chainalysis’ proprietary blockchain data monitoring technology, AlixPartners seeks to enhance its ability to identify and trace a wide array of digital assets and assess associated risk levels.
David White, Partner and Managing Director at AlixPartners, said the alliance underscores the company’s commitment to enhancing clients’ capabilities in investigating and responding to crypto-related legal issues. Shannon Hughes, Head of Business Development and Partnerships at Chainalysis, referred to the collaboration as a significant milestone in building trust in blockchain technology.
The collaboration comes as the landscape of crypto fraud intensifies, paralleling the rise in crypto ownership. According to the Chainalysis 2024 Crypto Crime Report, cryptocurrency-based illicit transactions totaled at least $24.2 billion last year. The partnership aims to mitigate such activities and build trust in the future of finance.
AlixPartners is a global consulting firm specializing in addressing complex business challenges. Founded in 1981 and headquartered in New York, it operates in over 20 cities worldwide, providing expertise in areas such as forensic investigations and risk compliance. Chainalysis is a leading blockchain data platform that connects the movement of digital assets to real-world services, helping organizations track illicit activities, manage risk exposure, and develop market solutions with a focus on building trust in blockchain technology.
