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Blockchain analytics company Chainalysis has recently acquired Alterya, a similar firm that primarily deals in AI-based fraud detection, for a whopping $150 million. Started in 2022, Alterya aims to investigate and prevent fraud schemes that affect financial institutions together with the providers of cryptocurrency services. The platform can accurately track transaction traffic in excess of $8 billion per month in both cryptocurrencies and in the more traditional financial world with prime participants like Binance, Coinbase and Block. This acquisition bolsters Chainalysis’s capacity to combat fraud and scams and illicit financial gains.
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Sohrab Khawas
Sohrab Khawas
Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jan 14, 2025 08:51 UTC
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Chainanalysis Buys AI Fraud Detection Firm Alterya for $150 million
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