In a recent move, Chainalysis, a leader in crypto analytics and forensics, acquired Alterya, an Israeli startup focused on AI-driven fraud detection, for approximately $150 million. Alterya uses AI agents to detect and prevent scams targeting financial institutions, fintech and crypto service providers. This investment allows Chainalysis to go beyond reactive investigation and provide proactive fraud prevention. With Alterya’s advanced AI-powered tools, the company could increase its ability to detect advanced scams, especially those that use generative AI. Chainalysis aims to tackle fraud from traditional financial systems and track the movement of those funds into crypto. Despite operating primarily in stealth mode, Alterya has protected 100 million users from fraud, with clients including Binance, Coinbase, and Square.
Credit : coinpedia.org
