Catenaa, Monday, January 19, 2025 – Blockchain analytics firm Chainalysis has acquired Israeli fraud detection startup Alterya for $150 million, aiming to strengthen its capabilities in combatting blockchain-related scams.
The acquisition will allow Chainalysis to leverage Alterya’s AI-driven fraud models, which focus on halting fraudulent transactions in real-time.
While Chainalysis tracks crypto transactions to trace illicit flows, Alterya’s technology works proactively to stop scams by flagging transactions before they are completed.
Chainalysis highlighted that Alterya had amassed an extensive dataset of scam-related financial infrastructure. This information will bolster Chainalysis’ existing tools, which already include a comprehensive blacklist of crypto scammers. By combining their resources, Chainalysis aims to enhance its ability to identify bad actors in the cryptocurrency space.
The deal is part of Chainalysis’ broader strategy to expand its footprint in fraud detection, extending its expertise beyond cryptocurrency into the traditional financial sector. Levin noted that Alterya’s models could present significant opportunities for banks and financial institutions in the fight against fraud.
The acquisition also shows Chainalysis’ ongoing interest in Israeli tech, following its recent purchase of Hexagate. Both companies will now operate from a shared office in Tel Aviv, tapping into the region’s deep pool of talent in cybersecurity and fraud detection.
