Chainalysis has acquired Blockchain security company Hexagate for a reported $60 million. Hexagate provides web3 security solutions that detect and mitigate real-time threats, including cyber exploits, hacks, and governance and financial risks.
They are the top choice for chains, protocols, asset managers, and exchanges to help keep their funds secure. Hexagate leverages machine learning models to identify suspicious patterns and unusual transactions across blockchain networks in real time.
Hexagate solutions keep the funds of chains, protocols, asset managers, and exchanges safe and secure. Hexagate leverages machine learning models to identify suspicious patterns and unusual transactions across blockchain networks in real time.
Jonathan Levin, Co-Founder and CEO of Chainalysis said “Hexagate’s customers, which include industry leaders like Coinbase and Consensys, have already saved more than $1B in customer funds by taking on-chain actions based on real-time notifications and automated responses to potential threats. Together, Chainalysis and Hexagate provide a holistic risk solution that includes prevention, compliance and remediation.”
“The growth of stablecoins, enterprise layer 1 and layer 2 protocols, and wallet infrastructure suggest that securing smart contracts will be critical to preventing fund loss among private sector entities, and governments will increasingly seek to monitor smart contracts associated with illicit funds,” said Levin.
“We’re thrilled to welcome Hexagate to the team and to work together toward a safer, more transparent financial system.” Levin concluded.
Hexagate already protects leading organizations in web3, including Ava Labs, BGD Labs (Aave core contributor), Coinbase, Consensys, Cronos Labs (Crypto.com), Eigen Labs, Immutable, Kiln, LiFi, Polygon, Securitize, Uniswap.
