Case Study: Bitbuy safeguards client funds and prevents losses with Chainalysis

Bitbuy - Customer Case Study

Bitbuy, one of Canada’s largest cryptocurrency marketplaces, needed a better way to proactively identify fraud, illicit activity, and risk as its trading volume grew. Before working with Chainalysis, the team lacked a blockchain analytics tool to consolidate intelligence and trace digital asset movements once funds left its ecosystem.

Bitbuy implemented Chainalysis Know Your Transaction (KYT) and Chainalysis Reactor to improve transaction monitoring, address analysis, and investigation workflows. With Chainalysis, Bitbuy says it has helped clients recover 60–70% of lost funds in some cases and up to 100% in others, prevented millions in potential losses in August 2021 alone, and improved data quality while saving staff time.

Bitbuy

Joseph Iuso

Chief Anti-money Laundering Officer