Chainalysis has acquired Israeli Blockchain security company Hexagate for a reported $60 million. Hexagate is a provider of web3 security solutions that detect and mitigate real-time threats including cyber exploits, hacks, and governance and financial risks.
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.
Hexagate’s customers 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.
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, and Uniswap.
