Chainalysis Doubles Down on Fraud Detection in Crypto with $150M Alterya Acquisition
Quick take:
- Alterya leverages artificial intelligence to help identify scammers before meeting their victims.
- The company has already been working with crypto exchanges and fintech companies whilst in stealth mode including Binance, Coinbase, and Block.
- The company claims to have detected $10 billion sent to scams last year and helped customers proactively prevent fraud.
Chainalysis is doubling down on its efforts to detect fraud before it happens. The company announced the acquisition of Alterya, the AI-powered fraud detection solution that identifies scammers before they meet their victims.
Business Insider reported the deal was about $150 million, citing sources familiar with the matter.
The acquisition…
