Chainalysis Boosts Anti-Fraud Capabilities Through Alterya Purchase

Chainalysis has acquired Alterya, an AI-driven fraud detection firm, to enhance its anti-fraud efforts.

Alterya, which monitors over $8 billion in transactions monthly and detected $10 billion in fraudulent activity in 2024, works with major clients like Binance and Coinbase. This acquisition strengthens Chainalysis’s fraud detection and compliance capabilities, particularly in real-time fraud protection during KYC processes and preventing fraudulent fiat-to-crypto transactions.

By integrating Alterya’s technology, Chainalysis aims to bolster trust in blockchain technologies and improve financial crime prevention across the crypto industry.

Clever Robot News Desk 15^th January 2025