Chainalysis has acquired Alterya, a fraud detection solution using AI to help financial institutions, fintechs and crypto service providers prevent authorised push-payment (APP) fraud. The terms of the acquisition were not disclosed.Chainalysis buys Alterya for an undisclosed sumThrough the deal, Chainalysis is “doubling down on its strategy to invest in the prevention of illicit transactions”, according to a statement. The New York-based firm previously acquired Hexagate, a Web3 security solutions provider, in December.Alterya’s technology and team will now be integrated into Chainalysis’ blockchain data platform, providing “real-time proactive fraud protection for payments and enhanced fraud detection during KYC for exchanges, blockchains and wallet providers”.Founded in 2022 by CEO Elad Fouks and CTO Shahaf Gonen, Alterya offers recipient and account screening tools to detect malicious digital identities and bad actors across different networks and digital payment rails.The solution, launched in stealth, claims to have detected $10 billion being sent to scams in 2024 alone, and counts the likes of Binance, Coinbase and Block among its most prominent adopters.Chainalysis says it will “continue to build upon Alterya’s collection of fraud identifiers on fiat payment rails” following the acquisition, adding that illicit activity in fiat accounts often serves as “an early red flag before funds move into crypto”.
Dom. Gen 26th, 2025
