Blockchain Analysis

On-chain data,
read clearly

Every address tells a story. Nhyrdiem reads it carefully.

Blockchain data analysis workspace with charts and monitoring tools
Complex blockchain transaction graph showing opaque fund flows
The core difficulty
The specific problem

Chains move fast. Tracing where funds actually go does not.

Most monitoring tools return raw transaction hashes. That leaves analysts staring at hex strings and block explorers, manually stitching together what happened. A single defi interaction can span eight contracts across three chains in forty seconds.

The gap is not data volume — it is interpretation. Who controls that cluster of addresses? Does this mixer exit into a known exchange, or somewhere murkier? Standard block explorers do not answer that.

  • Address clustering without entity labeling produces noise, not signal
  • Cross-chain hops break most automated attribution pipelines
  • Alert fatigue from high-volume wallets with no context filter

Where clarity replaces noise

Manual investigation time per address cluster
14 hrs
under 2 hrs
Structured mapping replaces open-ended block explorer sessions
38
Chains with active entity coverage
6
Typical alert resolution time in hours
How the work actually runs

Each engagement is a collaboration, not a report delivery

Clients typically arrive with a specific wallet, a suspicious transaction pattern, or a compliance obligation they cannot fulfill using existing tooling. The first session is spent clarifying what the actual question is — because the stated question and the real question are often different.

From there, work is iterative. Initial findings open new threads. Analysis gets updated as context emerges. You can ask follow-up questions directly, not through a ticketing queue.

01
Scoping call

Define the actual question, the chain scope, and what a useful answer looks like.

02
Initial mapping

Cluster addresses, label entities, identify first- and second-degree flows.

03
Iteration with client

Share working findings, adjust scope as new addresses surface during review.

04
Structured output

Deliver annotated graphs, timeline summaries, and a plain-language narrative.

Analyst working through blockchain transaction flows in a focused session
Compliance teams Legal firms Exchange security Investigative journalists DeFi protocols Custody providers

What long-term clients keep describing

After several months of working together, clients tend to describe the relationship in similar terms — not about speed or deliverables, but about how the work changed their ability to think through on-chain problems independently.

T
Tobias Kreuzinger
Compliance lead, digital asset exchange

Before, I was relying entirely on a third-party risk score — a number with no explanation. Now I understand enough to push back when a score seems wrong. That shift took about three months of working through real cases together.

Pattern: analytical independence
M
Mirela Obuljen
Forensic investigator, financial crime unit

The reports hold up in court documentation. That matters more than dashboard aesthetics. Each deliverable has a clear chain of reasoning — no orphan conclusions floating without a source trail.

Pattern: documentary rigor
R
Ragnar Sigvaldsson
Head of security, non-custodial protocol

We had an active incident at midnight on a Friday. The response was direct, not routed through a support portal. The analysis was available within four hours — enough to make an informed decision before markets opened.

Pattern: direct access under pressure
The people behind the work

Qualified analysts, not automated pipelines

Nhyrdiem was built from a background in financial crime investigation and protocol security research. The team handles cases that do not fit neatly into software categories — cross-chain obfuscation, contract-level laundering, and attribution across pseudonymous networks.

Each case is handled by a person with a real audit trail, not a black-box scoring system.

Nadia Fehér
Smart Contract Investigator

Focuses on contract-level audit trails and event log reconstruction. Previously worked on DeFi protocol security reviews. Handles cases where funds move through factory-deployed contracts or proxy chains.

Sven Halvorsen
Monitoring & Alerting Systems

Builds and maintains custom alert pipelines for high-volume wallets. Works directly with exchange compliance teams to tune thresholds without generating noise that buries genuine signals.

Oliwia Kasprzak
Research & Entity Labeling

Maintains the internal entity database covering exchanges, mixers, bridges, and known threat actor clusters. Keeps attribution current as entities rotate infrastructure.

Dmitri Voronov
Client Reporting

Translates technical findings into structured documents suitable for legal, regulatory, and executive audiences. Ensures the analysis remains readable without losing precision.

7+ years of blockchain forensics experience
4 jurisdictions with accepted expert reports
38 chains with maintained entity coverage
Founded 2024 built from investigative practice, not tooling