- Chainalysis acquires Alterya, an Israeli startup focused on preventing authorized-push-payment fraud.
- The acquisition is valued at $150 million, making it Chainalysis’ second deal in Israel within a month.
- Alterya’s expertise will strengthen Chainalysis’ fraud detection in cryptocurrency and real-time payment networks.
Chainalysis has acquired Israeli startup Alterya for an estimated $150 million. This follows the company‘s recent acquisition of Hexagate, showcasing its growing presence in Israel.
Alterya’s team of 28 employees, led by CEO Elad Fouks and CTO Shahaf Gonen, will remain intact after the acquisition. The company will operate as an independent product line while continuing to function as a local R&D center.
Chainalysis Expands with $150M Acquisition of Alterya to Strengthen Fraud Protection
In its latest acquisition, blockchain analytics giant Chainalysis has purchased Alterya, a fraud prevention startup based in Israel, for $150 million. This follows closely behind the acquisition of Hexagate and signals Chainalysis’ strategy to boost its security and fraud detection tools. Alterya’s focus on real-time payment and cryptocurrency fraud will complement Chainalysis’ core analytics offerings.
Alterya was founded by Elad Fouks, a former IDF intelligence officer, and Shahaf Gonen, an expert in cybersecurity and former Google employee. The startup raised $9.8 million in seed funding, with investors including Battery Ventures and Y Combinator. This acquisition adds a specialized fraud detection product to Chainalysis’ portfolio, benefiting institutions that rely on blockchain and digital payments.
The deal comes at a time when digital payment systems, including cryptocurrencies, face increasing scrutiny due to fraud risks. By acquiring Alterya, Chainalysis is positioning itself as a key player in fraud prevention, equipping businesses and governments with tools to combat financial crimes in real-time.
Chainalysis has grown significantly, with over 700 employees and a client base that includes major financial institutions, governments, and law enforcement. Alterya’s expertise in fraud detection will enhance the company’s services, especially in protecting users and institutions involved in blockchain and crypto transactions.
This acquisition positions Chainalysis to lead the fight against fraud in the rapidly evolving digital payments and cryptocurrency sectors, expanding its comprehensive offerings.
“Fraud prevention is at the core of what Chainalysis aims to achieve,” said Elad Fouks, CEO of Alterya. This acquisition enhances the company’s ability to prevent fraud in the growing field of cryptocurrency and digital payments.
