Chainalysis Scoops Up Blockchain Security Firm Hexagate Amid Surge in Crypto Hacks

Chainalysis Scoops Up Blockchain Security Firm Hexagate Amid Surge in Crypto Hacks

19 Dec Crypto News

Blockchain analytics firm Chainalysis announced on Wednesday its acquisition of Hexagate, a Web3 security provider, in response to the growing threat of crypto hacks and exploits.

“Together, Chainalysis and Hexagate provide a holistic risk solution that includes prevention, compliance, and remediation,” Chainalysis CEO Johathan Levin wrote in the announcement.

The sum it paid for Hexagate was not immediately clear. Decrypt has reached out for clarification.

We have spent 10 years following the money. Now it’s time to prevent the money from being stolen. Welcome to the era of secure smart contracts with proper monitoring and real-time threat detection. Announcing our acquisition of @hexagate_ https://t.co/05Bhy3R1ey

— Jonylevin…

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