OKX Integrates Chainalysis Alterya for Pre-Withdrawal Scam Screening
OKX has integrated Chainalysis' Alterya platform to screen withdrawal destinations for scam risks before funds are sent.Summary
Crypto exchange OKX has enhanced its security by integrating Chainalysis' Alterya, a fraud-detection platform, to screen potential withdrawal destinations for scam associations prior to fund transfers. This move signals a shift toward proactive, pre-transaction intervention rather than relying solely on post-transaction monitoring, addressing scams where users are tricked into sending funds to malicious accounts.
Alterya operates by analyzing scam infrastructure across various online channels (websites, social media) and linking these signals to financial identifiers like crypto wallets and bank accounts. When integrated into withdrawal flows, it flags or blocks transfers to addresses linked to active scams, focusing on the recipient side, unlike traditional AML tools that emphasize KYC checks on the sender.
Chainalysis acquired Alterya last year, expanding its capabilities into real-time fraud prevention. The industry is increasingly adopting such prevention tools, as evidenced by other analytics firms offering similar real-time monitoring, in response to substantial crypto scam losses, which Chainalysis estimates reached roughly $17 billion in 2025.
(Source：Cointelegraph)