Chainalysis has acquired Hexagate, the leading provider of web3 security solutions that detect and mitigate real-time threats including cyber exploits, hacks, and governance and financial risks.
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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.
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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.
Web3 is transparent by design, and with the right solutions, it can be the world’s safest financial system. The Hexagate team impressed me with their complete security suite for proactive prevention, including monitoring, mitigation, forensics, and compliance. Over the past two years, they detected all known hacks – and more than 98% were detected before they occurred. Their commitment to accuracy and collaboration reminded me of our team.
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.
Shashank Agrawal, Head of Protocol Security at Coinbase, shared, “Hexagate has become an integral part of on-chain security at Coinbase. Their real-time on-chain threat and risk detection and Base ecosystem monitoring solution for all Base builders has provided us with the broadest coverage for Coinbase and Base, ensuring the safety of our users and reinforcing trust across anything we build or do on-chain.”
Ian Wallis, Head of Business Development at Linea, also told us, “Hexagate has become a crucial component of our security framework at Consensys, particularly in safeguarding Linea, our treasury, and MetaMask. Their real-time on-chain threat detection and automated response platform delivers unparalleled detection coverage for Consensys and Linea, protecting our users, our own funds and strengthening trust in everything we develop and operate on-chain.”
About Hexagate
Founded in 2022, Hexagate is at the forefront of blockchain threat prevention and automated risk management, leveraging advanced machine learning and a proprietary invariant monitoring engine to proactively detect and mitigate threats to smart contracts and onchain assets. Our state-of-the-art monitoring and alerting systems shield against malicious activities and operational faults, ensuring the safety of onchain assets.
Trusted by industry giants, Hexagate empowers protocols, chains, financial institutions, asset managers, and VASPs to safeguard their operations, manage risks effectively, prevent fund loss incidents, and maximize returns.
About Chainalysis
Chainalysis offers cryptocurrency investigation and compliance solutions to global law enforcement agencies, regulators, and businesses as they work together to fight illicit cryptocurrency activity. Backed by Benchmark and other leading names in venture capital, Chainalysis builds trust in blockchains. For more information, visit: www.chainalysis.com
