Chainalysis co-founder and CSO Jonathan Levin spoke to Blockhead on the sidelines of Singapore Fintech Festival about crypto’s vulnerabilities and how they’re a sign of the sheer amount of experimentation, innovation, and growth in the industry.
Founded in 2014 by Michael Gronager and Jonathan Levin, Chainalysis is a blockchain analytics firm providing data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 75 countries. Its customers include the UN Office on Drugs and Crime, financial institutions like Barclays, and cryptocurrency businesses like Gemini and Bitpay.
- There’s an explosion of interest in DeFi projects
- The vulnerabilities and problems are a result of constant experimentation and growth, which is why the industry needs to catch up to boost the ecosystem’s overall security
- More actual consumer applications are needed
- Singapore needs to balance regulation and innovation