Chainalysis has acquired the Israeli fraud detection startup Alterya for $150 million, aiming to enhance its fraud prevention capabilities. The merger allows Chainalysis to leverage Alterya's AI-driven fraud models, which detect scams in real-time and aim to prevent fraudulent transactions by flagging suspicious activities before completion. Chainalysis, known for tracing illicit cryptocurrency flows, will combine its extensive database of crypto scammers with Alterya’s broader dataset, potentially expanding the scope of their fraud detection efforts. The two companies focus on combating financial fraud within the blockchain space, with plans for their teams to operate from a new office in Tel Aviv, benefiting from the region's talent pool. This acquisition reflects Chainalysis's strategy to extend its services beyond cryptocurrencies into the broader financial sector, utilizing Alterya's technology to address challenges in traditional banking systems as well.

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