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
- Gold Rate Forecast
- Silver Rate Forecast
- Mech Vs Aliens codes – Currently active promos (June 2025)
- Honor of Kings returns for the 2025 Esports World Cup with a whopping $3 million prize pool
- PUBG Mobile heads back to Riyadh for EWC 2025
- Kanye “Ye” West Struggles Through Chaotic, Rain-Soaked Shanghai Concert
- Arknights celebrates fifth anniversary in style with new limited-time event
- Every Upcoming Zac Efron Movie And TV Show
- Superman: DCU Movie Has Already Broken 3 Box Office Records
- USD CNY PREDICTION
2025-01-13 22:06