The buyout marks a pivot toward threat prevention for Chainalysis.
Blockchain data platform Chainalysis announced the acquisition of Hexagate, a Web3 security firm, on Dec. 19.
Hexagate, an Israel-based company founded in 2022, provides solutions for Web3 threat detection and mitigation. Its acquisition by Chainalysis signals an expansion of the platform’s core services.
According to a blog post from Chainalysis, Hexagate’s products and services have prevented the loss of more than $1 billion in customer funds for its clients, which include firms such as Coinbase and Consensys.
