Chainalysis has acquired the artificial intelligence-powered fraud detection startup Alterya.
On January 13th, it was announced through a press release that the blockchain analytics company, Chainalysis, had been acquired for approximately $150 million. However, the specific financial terms of the deal were not revealed in Chainalysis’ statement. According to a Business Insider report, this acquisition transpired.
As a crypto investor, I find it reassuring to be part of the community that Alterya serves. Their advanced AI technology is designed to proactively detect and ward off potential scammers, keeping my investments secure. It’s impressive to see they’ve already joined forces with heavyweights like Binance and Coinbase. These strategic collaborations enable Alterya to monitor an astonishing $8 billion in transactions, safeguarding more than 100 million users just like me.
A Tel Aviv-based firm successfully secured $9.8 million in their initial financing round, which was bolstered by venture capitalists including Y Combinator, Battery Ventures, NFX, and Nyca.
By purchasing Alterya, Chainalysis has further bolstered its recent acquisition of the web3 security platform Hexagate. Additionally, Chainalysis has collaborated with AlixPartners, a financial advisory platform, to enhance its cryptocurrency compliance and tracking capabilities.
Through this purchase, Chainalysis has the ability to offer immediate, proactive anti-fraud safeguards for transactions, along with improved fraud detection during Know Your Customer (KYC) processes for cryptocurrency exchanges, blockchains, and digital wallet providers, as stated in their blog post.
As a dedicated researcher in the dynamic world of cryptocurrencies, I firmly believe that our recent initiative, Alterya, represents a significant stride in our relentless pursuit to curb fraudulent activities and safeguard the integrity of the industry. The sobering reality is that in 2024 alone, the crypto sector endured staggering losses exceeding $3 billion, primarily at the hands of hackers and unscrupulous scammers. It’s our mission to change this narrative and create a safer, more transparent environment for all.
Specialists have issued a warning that as cybercriminals increasingly employ AI for their activities, potential financial losses could escalate even further. In early December, the United States Federal Bureau of Investigation alerted the public that fraudsters are utilizing AI to create crypto-scams that are harder to identify.
Per the FBI’s report, Artificial Intelligence (AI) is assisting crooks in creating authentic-looking content on bogus websites related to cryptocurrency. This makes it simpler for these cybercriminals to trick unsuspecting crypto users.
Read More
- The Final ‘Gladiator II’ Trailer Has Arrived
- PYTH PREDICTION. PYTH cryptocurrency
- Solana L2 Sonic includes TikTok users in airdrop
- DC’s ‘Clayface’ Movie From Mike Flanagan Lands 2026 Release
- Aamir Khan says India would go ‘ballistic’ if Laapataa Ladies wins Oscars; ‘We have been dying to…’
- IMX PREDICTION. IMX cryptocurrency
- ‘Fast and Furious’ Star Paul Walker Remembered 11 Years After His Death
- Crypto VC funding roundup: Riot snags over $594m, BVNK raises $50m
- Russell T Davies Says He “Kind Of Hopes” The Streaming Bubble Will “Pop”
- Shyam Benegal’s PICS with Shabana Azmi, Naseeruddin Shah, Kulbhushan Kharbanda & Divya Dutta from his 90th birthday bash take over internet after filmmaker’s demise
2025-01-13 22:06