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· Chainalysis says co-founder Michael Gronager has left as CEO and co-founder Jonathan Levin succeeds him

Chainalysis Co-Founder Michael Gronager Steps Down as CEO

Chainalysis named co-founder Jonathan Levin chief executive officer on December 5, 2024, after Michael Gronager, the company's other co-founder, agreed with the board to step down from the role and the board itself.

Updated on 2 min read · 3 sources

The move at a glance

The Moves Ledger, event W0401
Role
Chief Executive OfficerChief executive, founder
Organization
Chainalysis
In or out
OutDeparted as Chief Executive Officer
Became public
The first dated public source, UTC
Michael Gronager, co-founder and CEO of Chainalysis, speaks on Centre Stage at Web Summit 2022 in Lisbon, Portugal, on Nov. 3, 2022
Michael Gronager, co-founder and CEO of Chainalysis, speaks on Centre Stage at Web Summit 2022 in Lisbon, Portugal, on Nov. 3, 2022. Photo: Web Summit / Wikimedia Commons, CC BY 2.0
“Chainalysis named chief strategy officer and co-founder Jonathan Levin chief executive on December 5, 2024, two months after co-founder and longtime CEO Michael Gronager went on a leave the company left unexplained. Does a board's silence about a founder's exit answer more than it hides?”

Chainalysis named co-founder Jonathan Levin chief executive officer effective December 3, 2024, the company said in a blog post two days later1. Levin succeeded Michael Gronager, the company's other co-founder. Gronager had served as CEO since 2014, and he agreed with the board to leave both the role and his board seat, Chainalysis said. CoinDesk reported on December 5, 2024, that Gronager had been on leave from the company for two months before the change2.

Four leadership moves at Chainalysis on the record since 2019

Every move CryptoLately has verified there, by the day it became public

    Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.

    Read the chart as a table
    DateEvent
    Nov. 7, 2019Bonds became Chief Revenue Officer. Jason Bonds was named Chief Revenue Officer of Chainalysis
    Dec. 5, 2024Levin became CEO. Jonathan Levin was named Chief Executive Officer of Chainalysis
    Dec. 5, 2024Gronager left as CEO. Michael Gronager left as Chief Executive Officer of Chainalysis
    Feb. 3, 2026Giroux became CFO. Sebastien Giroux was named Chief Financial Officer of Chainalysis

    20 CEO exits on the record in 2024

    CEO exits CryptoLately has verified, by year; 2026 through Oct. 2, 2026

    • 2024: 20
    • 2019, 2020, 2021, 2022, 2023, 2025, 2026

      Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.

      Read the chart as a table
      ItemValue
      20197
      20209
      20215
      202218
      202311
      202420
      202520
      202618

      The handoff

      Levin had served as Chainalysis's chief strategy officer before the promotion. He had led teams across strategy, sales, marketing and government affairs during his years there, the company said1. Chainalysis's board praised the pick in a joint statement. “Jonathan is a visionary leader and innovator, and his experience across disciplines at the company make him well positioned to lead as CEO as we execute on our ambitious goals to bring greater trust and transparency to cryptocurrency markets,” the board said. Sari Granat, who had served as interim CEO during Gronager's leave, returned to her role as president and chief operating officer, the company said.

      Gronager spoke about the departure in the same post. “As a founder, I am incredibly proud of what Chainalysis has achieved as a company in developing a transformative blockchain data platform that is helping shape the cryptocurrency industry,” Gronager said1. He added that the company was "incredibly strong" financially and strategically, and said he had "every confidence" in its leaders. CoinDesk reported that Levin kept the reasons for Gronager's exit short. He said only that the board and Gronager had agreed it was time for a change2.

      Before and after at Chainalysis

      Chainalysis also named a new board director in its December 5, 2024 post. Paul Auvil, the former chief financial officer of Proofpoint and VMware, joined as an independent director and audit committee chair, the company said1. CoinDesk noted that private companies often add independent directors ahead of a public offering. Levin declined to say whether or when Chainalysis might take that step2. He predicted rising demand for blockchain compliance tools if the incoming administration's stance on crypto sparked wider adoption, CoinDesk reported.

      What came next

      Levin set an early agenda built on growth through acquisitions. Fortune reported on December 7, 2024, that Chainalysis had 1,450 customers across 100 countries. More than 250 of those customers paid over $100,000 a year, Levin told Fortune3. The company was growing at a "mid 20%" rate year over year, he said. Levin planned more deals after Chainalysis bought the data platform Transpose. He ruled out a public offering any time soon.

      Sources

      1. "Chainalysis Appoints Jonathan Levin as CEO," Chainalysis, Dec. 5, 2024, https://www.chainalysis.com/blog/jonathan-levin-cofounder-ceo/
      2. Danny Nelson, "Chainalysis Taps Founder Jonathan Levin as CEO," CoinDesk, Dec. 5, 2024, https://www.coindesk.com/business/2024/12/05/chainalysis-taps-founder-jonathan-levin-as-ceo
      3. Jeff John Roberts, "Chainalysis's new CEO plans M&A as firm rides wave of growth," Fortune, Dec. 7, 2024, https://news.google.com/rss/articles/CBMieEFVX3lxTE1iWDc4dy1jbG1KRlBJaXZlLXM0WU1qNkhySmJWRV9rcVJVMXJFeVFQdElja2xxWHFLY2tZSWkySWdPaG5GVEtnVlowNzFzTDJCMlhMRXU2a05sVWktUlZFMUdfX1NsNU1Od05LTktYTzNYeGR6SHREOQ?oc=5

      Cite this piece

      Ryan Elliott Dennis, "Chainalysis Co-Founder Michael Gronager Steps Down as CEO," CryptoLately, Dec 5, 2024, https://cryptolately.com/articles/chainalysis-co-founder-michael-gronager-steps-down-as-ceo

      Tags: Chainalysis · Michael Gronager · Jonathan Levin · CEO succession

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