US blockchain giant Chainalysis is acquiring Tel Aviv-based startup Alterya for $160 million. This is Chainalysis' second acquisition in Israel. Alterya specializes in preventing authorised-push-payment (APP) fraud and focuses on cryptocurrency and real-time payment networks. The company serves major financial institutions and has developed a solution that integrates cybersecurity and AI capabilities for large-scale, cross-network detection. Chainalysis CEO Jonathan Levin stated that the acquisition allows the company to provide real-time proactive fraud protection and enhanced fraud detection. Alterya CEO Elad Fouks highlighted the problem of scams in the financial services industry and the need for early detection to safeguard individuals and payment services.
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Original article source: https://en.globes.co.il/en/article-us-co-chainalysis-buys-israeli-fraud-detection-co-alterya-1001499269
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