Close Menu
Cryprovideos
    What's Hot

    Bakkt Sheds Loyalty Division as It Doubles Down on Crypto – Decrypt

    July 29, 2025

    ‘A joke in poor style’: Twister Money T-shirt stirs controversy in courtroom

    July 29, 2025

    Hong Kong Launches Stablecoin Licensing Regime Beginning August 2025

    July 29, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Chainalysis Scoops Up Blockchain Safety Agency Hexagate Amid Surge in Crypto Hacks – Decrypt
    Chainalysis Scoops Up Blockchain Safety Agency Hexagate Amid Surge in Crypto Hacks – Decrypt
    Crypto News

    Chainalysis Scoops Up Blockchain Safety Agency Hexagate Amid Surge in Crypto Hacks – Decrypt

    By Crypto EditorDecember 19, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Chainalysis Scoops Up Blockchain Safety Agency Hexagate Amid Surge in Crypto Hacks – Decrypt

    Blockchain analytics agency Chainalysis introduced on Wednesday its acquisition of Hexagate, a Web3 safety supplier, in response to the rising risk of crypto hacks and exploits. 

    “Collectively, Chainalysis and Hexagate present a holistic danger resolution that features prevention, compliance, and remediation,” Chainalysis CEO Johathan Levin wrote within the announcement.

    The sum it paid for Hexagate was not instantly clear. Decrypt has reached out for clarification.

    We’ve spent 10 years following the cash. Now it’s time to forestall the cash from being stolen. Welcome to the period of safe sensible contracts with correct monitoring and real-time risk detection. Asserting our acquisition of @hexagate_ https://t.co/05Bhy3R1ey

    — Jonylevin (@jony_levin) December 18, 2024

    The acquisition helps Chainalysis’ efforts to bolster belief throughout varied blockchains by increasing past investigations into prevention.

    Chainalysis is about to combine Hexagate’s machine learning-powered instruments, which detect and mitigate on-chain dangers corresponding to hacks, cyber exploits, and governance vulnerabilities, the businesses stated. 

    Hexagon has reportedly already safeguarded over $1 billion in buyer funds by way of real-time risk detection and automatic responses.

    Excessive-profile shoppers like Coinbase, Consensys, and Uniswap, amongst others, have relied on Hexagate to forestall assaults, with greater than 98% of identified hacks detected earlier than they occurred previously two years, per to the announcement.

    Chainalysis has scooped up Hexagate at a time when crypto thefts proceed to rise at an alarming charge. 

    In August, the platform’s crypto crime report revealed an 84% spike in stolen funds, hovering from $857 million to $1.58 billion within the first seven months of 2024.

    Ransomware funds additionally rose barely, from $449.1 million to $459.8 million, making 2024 on set to be the highest-grossing yr but for such funds, as per the report.

    Including to the crypto ecosystem’s challenges, funding fraud within the U.S. reached an all-time excessive in 2023, with losses skyrocketing to $4.57 billion, based on the FBI. 

    Crypto-related scams accounted for 87% of these losses, totaling $3.96 billion. This marks a pointy rise from $3.3 billion in 2022 and an 18-fold improve from 2018’s $253 million.

    CEO Jonathan Levin famous how such thefts usually have devastating penalties, forcing initiatives to close down and eroding investor confidence.

    Nonetheless, he expressed hope, calling Web3 “the world’s most secure monetary system” when geared up with the appropriate instruments.

    Edited by Sebastian Sinclair

    Day by day Debrief E-newsletter

    Begin daily with the highest information tales proper now, plus unique options, a podcast, movies and extra.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Bakkt Sheds Loyalty Division as It Doubles Down on Crypto – Decrypt

    July 29, 2025

    Reside Crypto Information: Ray Dalio Says Put 15% In BTC And Gold, Extra

    July 29, 2025

    Trump Confirms First Bitcoin and Crypto Report as BTC Holds Robust at $119K

    July 29, 2025

    AI meets DeFi – Will it change the way you earn, commerce, and make investments?

    July 29, 2025
    Latest Posts

    Reside Crypto Information: Ray Dalio Says Put 15% In BTC And Gold, Extra

    July 29, 2025

    Senator Lummis Proposes Invoice to Acknowledge Bitcoin in Mortgages – Bitbo

    July 29, 2025

    Greatest Cryptos to Purchase as Dalio Endorses Bitcoin & Gold for Portfolio Allocation – CryptoDnes EN

    July 29, 2025

    Trump Confirms First Bitcoin and Crypto Report as BTC Holds Robust at $119K

    July 29, 2025

    Ethereum Worth To $20,000? ETH Is Mirroring Bitcoin’s Transfer From 2021

    July 29, 2025

    BlackRock: Stablecoins Reinforce Lengthy-Time period Case for Bitcoin

    July 29, 2025

    Bitcoin OG Sitting on 1,368x Returns Abruptly Sends Cash to Kraken After 12 Years of Dormancy: Lookonchain – The Day by day Hodl

    July 29, 2025

    Twenty One Capital rises to third largest Bitcoin holder following 5,800 BTC increase from Tether

    July 29, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Whale Transactions on Coinbase Fueling XRP’s Value Surge, Knowledge Suggests

    December 5, 2024

    Crypto.com Companions with Dubai Islamic Financial institution to Broaden in UAE and GCC

    January 3, 2025

    Brazil’s $90B Crypto Inflows to Create Meme Coin Hype for Altcoin like Greatest Pockets Token

    February 8, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.