According to PANews, Michael Gronager, co-founder and CEO of blockchain analytics firm Chainalysis, has stepped down from his leadership role after a decade. A spokesperson for Chainalysis confirmed that Gronager has been on 'leave' since September 25 due to 'personal issues.' It remains unclear whether he plans to return or when that might happen. In the interim, Chainalysis President and COO Sari Granat will serve as acting CEO.
Last October, Chainalysis laid off approximately 150 employees, representing 15% of its 900-strong workforce, as the company decided to exit the commercial market and focus on government contracts, which accounted for about 70% of its revenue at the time.
