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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">$24 mln from the US government</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Chainalysis changes sides</a></li></ul>
                    
                      
        
                        
    
    
    
                      
        
                        
    
    
    
                    
                  The financial ratings agency <a rel="nofollow" target="_blank" href="#">Weiss Ratings</a>, or rather its 'Weiss Crypto Ratings' version, has published a post criticizing the famous DLT analytical agency Chainalysis for spying on regular users and getting paid for this.
    
    $24 mln from the US government
    
    Weiss Crypto Ratings has presented information from publicly available records that within five years the blockchain sleuth <a href="https://u.today/binance-and-huobi-help-bitcoin-btc-criminals-launder-billions-of-dollars-chainalysis">Chainalysis</a> (which always comes in useful when yet another crypto exchange sufferes a new&nbsp;hacker attack) has received more than $10 mln from the government of the US for spying on people using public blockchains.
    
    Chainalysis is about to receive another $14 mln, the tweet goes.
    
    Government is the only interested party in sponsoring surveillance on the blockchain, Weiss Ratings says. However, the agency insists, this state of things is good for open blockchains, since it will make them stronger.
                    
                      
        
                            Ads
    
    
    
    
                      
        
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    <blockquote class="twitter-tweet">
    Public records show <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Chainalysis?src=hash&amp;ref_src=twsrc%5Etfw">#Chainalysis</a> made +$10 m in 5 years from the U.S. government and stands to take in +$14 m more. Government institutions are the only ones who want stronger surveillance on <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#blockchain</a>. This will only make privacy tech on public open blockchains more robust.
    — Weiss Crypto Ratings (@WeissCrypto) <a rel="nofollow" target="_blank" href="https://twitter.com/WeissCrypto/status/1227503888007217154?ref_src=twsrc%5Etfw">February 12, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Chainalysis changes sides
    
    Earlier this week, the media reported that Jonathan Levin, a Chainalysis co-founder, stated that full transparency is not good for crypto, while previously the firm had supported privacy.
    
    Chainalysis is the major source of data for such legal bodies as IRS and the FBI. Weiss Ratings says that speaking against decentralization and privacy is easy when you get paid by the government.
    
    <blockquote>
    “The hypocrisy is strong with this one.”
    </blockquote>
    
    <blockquote class="twitter-tweet">
    Full transparency is not ideal for <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocurrency</a>, says <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Chainalysis?src=hash&amp;ref_src=twsrc%5Etfw">#Chainalysis</a> exec, no doubt while counting the money the governments gave them to spy on people using public open <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/blockchains?src=hash&amp;ref_src=twsrc%5Etfw">#blockchains</a>. The hypocrisy is strong with this one.
    — Weiss Crypto Ratings (@WeissCrypto) <a rel="nofollow" target="_blank" href="https://twitter.com/WeissCrypto/status/1228318291455881216?ref_src=twsrc%5Etfw">February 14, 2020</a></blockquote>
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">$24 mln from the US government</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Chainalysis changes sides</a></li></ul>
                    
                      
        
                        
    
    
    
                      
        
                        
    
    
    
                    
                  The financial ratings agency <a rel="nofollow" target="_blank" href="#">Weiss Ratings</a>, or rather its 'Weiss Crypto Ratings' version, has published a post criticizing the famous DLT analytical agency Chainalysis for spying on regular users and getting paid for this.
    
    $24 mln from the US government
    
    Weiss Crypto Ratings has presented information from publicly available records that within five years the blockchain sleuth <a href="https://u.today/binance-and-huobi-help-bitcoin-btc-criminals-launder-billions-of-dollars-chainalysis">Chainalysis</a> (which always comes in useful when yet another crypto exchange sufferes a new&nbsp;hacker attack) has received more than $10 mln from the government of the US for spying on people using public blockchains.
    
    Chainalysis is about to receive another $14 mln, the tweet goes.
    
    Government is the only interested party in sponsoring surveillance on the blockchain, Weiss Ratings says. However, the agency insists, this state of things is good for open blockchains, since it will make them stronger.
                    
                      
        
                            Ads
    
    
    
    
                      
        
                            Ads
    
    
    
    
                    
                  
    
    <blockquote class="twitter-tweet">
    Public records show <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Chainalysis?src=hash&amp;ref_src=twsrc%5Etfw">#Chainalysis</a> made +$10 m in 5 years from the U.S. government and stands to take in +$14 m more. Government institutions are the only ones who want stronger surveillance on <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#blockchain</a>. This will only make privacy tech on public open blockchains more robust.
    — Weiss Crypto Ratings (@WeissCrypto) <a rel="nofollow" target="_blank" href="https://twitter.com/WeissCrypto/status/1227503888007217154?ref_src=twsrc%5Etfw">February 12, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Chainalysis changes sides
    
    Earlier this week, the media reported that Jonathan Levin, a Chainalysis co-founder, stated that full transparency is not good for crypto, while previously the firm had supported privacy.
    
    Chainalysis is the major source of data for such legal bodies as IRS and the FBI. Weiss Ratings says that speaking against decentralization and privacy is easy when you get paid by the government.
    
    <blockquote>
    “The hypocrisy is strong with this one.”
    </blockquote>
    
    <blockquote class="twitter-tweet">
    Full transparency is not ideal for <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocurrency</a>, says <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Chainalysis?src=hash&amp;ref_src=twsrc%5Etfw">#Chainalysis</a> exec, no doubt while counting the money the governments gave them to spy on people using public open <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/blockchains?src=hash&amp;ref_src=twsrc%5Etfw">#blockchains</a>. The hypocrisy is strong with this one.
    — Weiss Crypto Ratings (@WeissCrypto) <a rel="nofollow" target="_blank" href="https://twitter.com/WeissCrypto/status/1228318291455881216?ref_src=twsrc%5Etfw">February 14, 2020</a></blockquote>
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Blockchain Firm ChainAlysis Slammed for Spying on People and Making Money on It

Sat, 02/15/2020 - 10:00
article image
Yuri Molchan
Weiss Crypto Ratings agency bashes the blockchain investigation firm Chainalysis for spying on people via blockchains
Blockchain Firm ChainAlysis Slammed for Spying on People and Making Money on It
Cover image via 123rf.com
Read U.TODAY on
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Contents

The financial ratings agency Weiss Ratings, or rather its 'Weiss Crypto Ratings' version, has published a post criticizing the famous DLT analytical agency Chainalysis for spying on regular users and getting paid for this.

$24 mln from the US government

Weiss Crypto Ratings has presented information from publicly available records that within five years the blockchain sleuth Chainalysis (which always comes in useful when yet another crypto exchange sufferes a new hacker attack) has received more than $10 mln from the government of the US for spying on people using public blockchains.

Chainalysis is about to receive another $14 mln, the tweet goes.

Government is the only interested party in sponsoring surveillance on the blockchain, Weiss Ratings says. However, the agency insists, this state of things is good for open blockchains, since it will make them stronger.

card

Chainalysis changes sides

Earlier this week, the media reported that Jonathan Levin, a Chainalysis co-founder, stated that full transparency is not good for crypto, while previously the firm had supported privacy.

Chainalysis is the major source of data for such legal bodies as IRS and the FBI. Weiss Ratings says that speaking against decentralization and privacy is easy when you get paid by the government.

“The hypocrisy is strong with this one.”

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.