Chainalysis Acquires AI Fraud Detection Firm Alterya
- Chainalysis acquired Alterya, an AI-powered fraud detection platform, for approximately $150 million.
- The acquisition aims to enhance Chainalysis’s illicit transaction prevention strategy.
- Alterya’s infrastructure helps identify fiat money fraud before funds transition to crypto.
- Alterya previously raised $9.8 million in seed funding led by Battery Ventures.
- This marks Chainalysis’s second acquisition in two months, following the purchase of Hexagate.
Chainalysis has acquired Alterya for around $150 million to improve its fraud prevention capabilities by leveraging Alterya’s technology to detect fraudulent fiat transactions before they enter the crypto space. This is part of Chainalysis’s broader strategy to enhance security measures within the blockchain ecosystem.
