Chainalysis partners with Sui Foundation to strengthen ecosystem security
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Blockchain analytics firm Chainalysis has partnered with the Sui Foundation to enhance compliance and security within the Sui ecosystem. The collaboration integrates Chainalysis’s intelligence capabilities with data from the Sui (SUI) Guardian program, enabling more effective monitoring of on-chain activity and the identification of illicit behavior. Through this partnership, Chainalysis customers, including major cryptocurrency exchanges, will gain deeper insights into Sui transactions. This will enhance risk assessments and bolster the trustworthiness of the Sui ecosystem, supporting compliance efforts for all participants. Chainalysis is collaborating with @SuiNetwork! Leveraging the Sui Guardian program and our intelligence efforts, we’ll ingest data to identify bad actors and bring more trust to the Sui ecosystem for exchanges and customers globally. Learn more: https://t.co/BPPaKxXPAs — Chainalysis (@chainalysis) January 16, 2025 The partnership also underscores Chainalysis’s long-term commitment to the Sui Network. The company plans to expand its support for Sui across its suite of compliance and investigation tools, aiming to deliver more robust solutions for monitoring and securing blockchain activity. Transparency in blockchain tech This collaboration aligns with the growing demand for transparency and trust in blockchain networks, as the Sui Foundation continues to prioritize a secure environment for users and developers in the ecosystem. Chainalysis recently acquired AI fraud detection startup Alterya for $150 million. Although Chainalysis did not disclose financial specifics, Alterya’s AI system is designed to identify scammers before they target victims. The startup collaborates with major players like Binance and Coinbase, monitoring over $8 billion in transactions and supporting more than 100 million users. Source: https://crypto.news/chainalysis-partners-with-sui-foundation-to-strengthen-ecosystem-security/
Filed under: News - @ January 16, 2025 9:23 pm