OKX Integrates Alterya to Block Scam Wallets Before Funds Are Sent

[madtrader]

Crypto exchange OKX has deepened its partnership with blockchain analytics firm Chainalysis by integrating Alterya, a fraud-detection platform focused on stopping scams before transactions happen.

Unlike traditional AML tools that focus on monitoring senders through KYC and transaction analysis, Alterya targets the recipient side — identifying wallets, bank accounts and financial identifiers linked to scam networks or money mule operations. The system scans scam infrastructure across websites, social media and messaging platforms, then flags suspicious destinations directly within the withdrawal flow.

Chainalysis acquired Alterya last year in a deal reportedly worth $150 million, expanding beyond blockchain tracing into real-time fraud prevention. Prior to the acquisition, Alterya worked with major exchanges and claims to monitor more than $23 billion in monthly transaction volume, preventing $300 million in losses over the past year.

[cryptoenthusiast]

self-custody but make it swipe to pay at starbucks