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Chainalysis acquires Hexagate to enhance blockchain security amid rising crypto hacks

Acquisition to bolster blockchain security: Chainalysis recognized the alarming rise in crypto hacks, reflected in an 84% increase in stolen funds, which soared from 857 million USD to 1.58 billion USD in just seven months of 2024. The acquisition of Hexagate aims to address these vulnerabilities.

Hexagate’s proven track record: With a reputation for safeguarding over 1 billion USD in assets, Hexagate has effectively utilized machine learning to intercept 98% of attempted hacks. This partnership will enhance Chainalysis’s mission to proactively secure blockchain ecosystems and restore investor trust.

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