According to a blog post published on March 4, prominent blockchain analytics firms Chainalysis, has come out to clear the air on how it runs its operations following statements made by a Coinbase executive last week.

The crypto detective firm says it deals with data related to transactions, not user identification data, and could not have been involved in the allegations made by the digital asset platform.

A Coinbase Response? Probably

The timing of the article is especially fortuitous, as the New York-based blockchain firm was seemingly accused by an executive of crypto exchange platform Coinbase, who claimed that third-party analytics providers were selling user data illegally.

Speaking in an interview with financial news outlet Cheddar on March 1, Christine Sandler, Director for Institutional Sales for Coinbase, claimed that the exchange had to acquire a blockchain intelligence firm, as they found former data providers selling user data to third parties.

While the exchange’s executive didn’t call out any names of the…

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Source: https://thebitcoinnews.com/chainalysis-responds-to-coinbase-accusations-details-data-handling-structure/