Chainalysis Crypto Incident Response

Dolomite is protected by Chainalysis Crypto Incident Response (CIR) to allow for swift action in worst case scenarios.

In the worst-case scenario where the Dolomite Protocol is exploited in some way, Chainalysis CIR will be there to allow for early detection and rapid response. They are a leader in their field and provide the highest level of security and protection.

What is Chainalysis?

Chainalysis is the "blockchain data platform" - they provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Their data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grows consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.

What is Chainalysis CIR?

Chainalysis Crypto Incident Response Service is a rapid response retainer service to help cryptocurrency businesses and large organizations that are high-risk targets for a cyber attack or unauthorized network intrusion that involves cryptocurrency theft or demand. When an incident occurs, their team of experts is ready to act quickly and work side-by-side with Dolomite to minimize losses and recover cryptocurrency funds. For more information, visit https://www.chainalysis.com/crypto-incident-response/

When Dolomite alerts Chainalysis to an incident, their investigative team immediately begins tracking the stolen crypto. Chainalysis investigators have the industry’s most comprehensive, authoritative, and verifiable crypto transaction dataset — one trusted by global regulators and law enforcement for digital asset recovery and prosecution — at their fingertips to track down clients’ stolen funds. The service includes:

• Advanced tracing capabilities that combat obfuscation techniques

• An extensive portfolio of advanced and time-sensitive cases investigated successfully, plus a history of expert witness testimony

• Support from a wide range of crypto professionals with high profile case experience, including threat and threat actor subject matter experts, world-class investigators, and data scientists

Since its founding, Chainalysis has helped crypto organizations recover $11 billion in stolen crypto. Following the launch of CIR, they've played a role in retrieving roughly $50 million, and 80% of their customers have recovered more in stolen funds than they invested in Chainalysis services.

How does it work?

When an incident happens and cryptocurrency funds are either demanded or stolen, the organization contacts the 24/7 Chainalysis Incident Response hotline. From there, Chainalysis assigns a dedicated team of experts in time zones around the world with advanced investigative capabilities and works around the clock with the victim organization. Chainalysis also helps liaise with law enforcement and asset recovery counsel if needed.

Their investigators have worked with private and public sector organizations on hundreds of incidents, helping to solve some of the most high-profile cyber criminal cases. Once an incident report comes in, Chainalysis immediately begins tracing the stolen cryptocurrency funds, and labels any addresses holding them as associated with crypto theft so that all Reactor and KYT users see the funds are illicit in nature and bad actors have a more difficult time cashing out the victim’s money.

We're happy to know that Chainalysis is there to take swift action in the case that a hacker gets access to assets on Dolomite, and through that swift action they provide Dolomite with the highest chance of recovering lost funds.