Blockchain analytics firm Chainalysis has announced the acquisition of Web3 security provider Hexagate in response to the growing threat of crypto hacks and exploits. The acquisition supports Chainalysis’ efforts to bolster trust across various blockchains by expanding beyond investigations into prevention.
Chainalysis is set to integrate Hexagate’s machine learning-powered tools, which detect and mitigate on-chain risks such as hacks, cyber exploits, and governance vulnerabilities. High-profile clients like Coinbase, Consensys, and Uniswap have relied on Hexagate to prevent attacks, with more than 98% of known hacks detected before they occurred in the past two years.
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