Chainalysis, a blockchain analytics firm, has acquired Hexagate, a Web3 security provider, to combat the increasing threat of crypto hacks. The acquisition aims to offer a comprehensive risk solution covering prevention, compliance, and remediation. By integrating Hexagate's machine learning tools, Chainalysis seeks to enhance trust in various blockchains by shifting focus from investigations to prevention. Hexagate's tools have already safeguarded over $1 billion in customer funds through real-time threat detection. The acquisition comes at a critical time as crypto thefts continue to rise, with a significant spike in stolen funds reported in 2024. Despite the challenges faced by the crypto ecosystem, CEO Jonathan Levin remains optimistic, emphasizing the importance of equipping Web3 with the necessary tools to ensure security and investor confidence. Read more AI-generated news on: https://app.chaingpt.org/news