Security Risks and Countermeasures of Stablecoins: Chainalysis Hexagate

Chainalysis Acquires Web3 Security Company Hexagate, Shifting Focus to Threat Prevention

Chainalysis has announced the acquisition of Web3 security company Hexagate.

Stablecoins are critical to crypto markets, but come with distinct security risks depending on how they are issued and managed. In our latest blog, we look at stablecoin activity and how Hexagate can mitigate relevant risks: https://t.co/yZABOGHfra

Chainalysis is excited to announce GateSigner by Hexagate — A powerful new defense against one of crypto’s most exploited attack surfaces: Blind signing. GateSigner acts as a security layer for multi-signature transaction approvals that helps you flag and block malicious activity before it’s signed on-chain. For exchanges, protocols, and asset managers and more, GateSigner brings: Real-time threat detection, Pre-signing simulations, Seamless co-signer or API-only integration, Integrate with Safe and other MPC wallets. The signing step should never be your blind spot. Explore GateSigner: https://t.co/Zg6RrTPhSP

👁️ Blind signing remains one of the biggest risks in Web3. Learn how 🛡️ Hexagate stops exploits before they execute—through pre-signing simulations and smart transaction-level defenses. Register for our upcoming webinar now: https://t.co/WKRuthMAIC https://t.co/WdvxBADHFJ

🛡️ In Web3, resilience comes from precision. Security is no longer optional — it’s a core infrastructure layer powering every smart contract, protocol, and ecosystem. Behind every safe transaction is a stack of tools working in sync to detect, prevent, and respond in real time. This is where true innovation begins. @blockaid_ @Trugard_Labs @FortaNetwork @octane_security @harpieio @trailofbits @hackenclub @FuzzingLabs @PocketUniverseZ @Arbitrary_Exec @sharkteamorg @ElectricCapital @ChainAegis @Cyberscope_io @splunk @OpenZeppelin @chainalysis @Consensys @mythx_platform @semgrep @transmissions11 @RevokeCash @Phalcon_xyz @HalbornSecurity @elliptic @SecuRingPL @MistTrack_io @RektHQ @EY_US @AnChainAI @gatekeepxyz @Nefture @AckeeBlockchain @hexagate_ @Beosin_com @web3_antivirus @dedaub @HypernativeLabs @realScamSniffer @ShellBoxes @Armors_Security @GoPlusSecurity @redteampl @osec_io @InspexCo @solidchecked @EverRise @SolidityScan @Cyvers_ @ChainAware

In our latest blog, we look at trends in DeFi hack events that Chainalysis Hexagate identified before exploits occurred, using machine learning and pattern recognition: https://t.co/mS2iEvXyOG

🔒 On-chain Security for Avalanche BuildersHexagate by @chainalysis is now available on Avalanche — delivering real-time threat detection for smart contracts and protocols. All protocols on Avalanche are eligible — we encourage developers to apply 🔺

Hexagate by @Chainalysis is now live for Avalanche Builders! 🔺 Providing ML-powered threat detection for smart contracts, tokens, and protocols — apply now ⬇️

Hexagate by @Chainalysis is now live — ML-powered threat detection for smart contracts, tokens, and protocols 🔒 Supported by the Avalanche Foundation 🔺

Avalanche devs can now access @hexagate_ via Chainalysis. The web3 security solution providing real-time, ML-powered threat detection across smart contracts, tokens, and protocols.

📣 We’re excited to announce that the @avax ecosystem will gain direct access to Hexagate, the Chainalysis leading web3 security offering! This partnership helps projects building on Avalanche to do so confidently knowing Hexagate’s security solution is available for real-time threat detection🛡️across smart contracts and protocols.🤝 https://t.co/rREJHRb0zG

🚨 Over $2.2B in crypto stolen in 2024. Q1 2025 alone? Already more than half that. At #Links25, we unveiled Hexagate — real-time threat detection and prevention for Web3. 👀 Join us to see Hexagate in action in the digital premier of Links 2025: https://t.co/TbkKJWlzCE https://t.co/Mhd4VxVVGo

.@hexagate_ , the best-in-class solution for securing smart contracts 🤝

🚀 We announced some big updates at Links NYC 2025! 1️⃣ Reactor Next-gen blockchain investigations 🕵️‍♂️ 2️⃣ Alterya: AI fraud detection protecting over 100M users 🛡️ 3️⃣ Hexagate: Real-time on-chain security protecting over $50B in funds🔒 4️⃣ Chainalysis DS: Customizable data platform for threat intelligence and workflow automation ⚙️ And that’s not all. Learn more here: https://t.co/NoWRUCvRnA

Proud to see @hexagate_, a recent Chainalysis acquisition, proving to be an effective line of defense for proactive exploit prevention. See here: https://t.co/Aub3hbyykz

We are aware of an exploit in relation to our gmCauldrons. Core contributors and security engineers are investigating the issue in depth and will provide more information as soon as available. Each gmCauldron was fully audited by @GuardianAudits prior to release. The same lead auditors as GMX core contracts, gmCauldrons are also integrated within the rest of Abracadabra Security infra including @zeroshadow_io tracking, @hexagate_ response software as well as further security measures behind the scene. While having multiple systems in place, the exploit was caught only after the attacker executed several transactions. The Zeroshadow team alerted us and we quickly turned off all borrows to all cauldrons. The full damage of the attack is currently being assessed. We are working together with @GuardianAudits, @GMX_IO, and other security peers to identify the execution of the hack. No user collateral is affected and this exploit only affects the gmCauldrons. We are in close contact with @chainalysis who are tracking the funds, that are currently consolidated on 0xaf9e33aa03caaa613c3ba4221f7ea3ee2ac38649. To the hacker, we are happy to entertain negotiations for a bug bounty of 20% of the total. Reach out at reward@abracadabra.money or on chain to our treasury address on ETH 0xDF2C270f610Dc35d8fFDA5B453E74db5471E126B. A full post mortem will be provided once ready.

Penpie has successfully implemented a real-time monitoring security system powered by Hypernative and Hexagate. Hypernative and Hexagate are leading blockchain security platforms specializing in real-time threat detection, risk mitigation, and attack prevention. This robust infrastructure strengthens our ability to detect, prevent, and mitigate risks before they escalate, ensuring unparalleled security across all supported blockchain networks. Additionally, Penpie has integrated Timelock controller contracts, preventing instant contract upgrades. Any upgrade request now requires a minimum lock period of three days before execution. Penpie also undergoes continuous audits by AstraSec and BlockSec to ensure that all smart contract changes are securely executed and align with the platform’s overall design.Details:https://t.co/8fqegy9Sa5

🚨 Introducing the Safety Switch Plugin for Algebra Integral DEXes! 🚨Security matters in DeFi, and we’re bringing a new layer of protection to liquidity pools with the Safety Switch Plugin—a safeguard that can pause pool operations during potential attacks.🔒 How it works:✅ Stops a specific pool or all connected pools✅ Integrates with on-chain security monitoring (e.g., Hexagate) to detect threats in real time✅ Operates with two roles:Guard: Can pause pool operations;Admin: Can pause & unpause once threats are mitigated.🔗 Find out more: https://t.co/1C2uBpudC0

Hexagate is joining forces with 🌊 @lagoon_finance to build a safer on-chain ecosystem for yield curators.🛡Lagoon now benefits from comprehensive security coverage, spanning threat detection and prevention.Reach their team to create your vault or distribute it 📩 https://t.co/uI332hfV8w

Coinbase is setting the gold standard for security in crypto. They've built one of the most sophisticated security monitoring set up, on top of Hexagate, for the core Base protocol. We're very proud to play a key role in this effort, working alongside their world-class team.

Fault proofs aren’t ‘set and forget’ — we’re constantly monitoring to keep Base secure The Base Engineering team breaks down how they built a framework with @hexagate_ and created monitoring solutions for the entire OP stack https://t.co/6EbTPaEAmK

Security isn’t just a feature — it’s the foundation.We've teamed up with @hexagate_ to strengthen our security stack, ensuring safer cross-chain transactions for everyone. https://t.co/hFAKgujsOk

Bitcoin Renaissance w/ @zerolendxyz ZeroLend is a leading lending market focused on L2s, LRTs, RWAs, BTCFi, and memecoins. Secured by Chaos Labs, Zokyo, Halborn, Peckshield, Sherlock, ImmuneFi, Cantina, Hypernative, Hexagate.🎙️Host: @_erikio 🎙️Guest: @deadshotryker 🔗Link: https://t.co/jhEqeWwpHG

Zeeve 2024 Wrapped: 🎁 Your Security Anthem 🎶 This year, we built an impenetrable fortress with these incredible partners: 🔹@PrivadoID: Decentralized Identity: The Unbreakable Shield 🛡️ 🔹@VennBuild: Secure Key Management: The Vault of Secrets 🔐 🔹@HypernativeLabs: Fast & Secure Execution: The Lightning-Fast Guitar Solo ⚡️ 🔹@Hexagate_: Zero-Knowledge Proofs: The Enigma Machine 🔒 Security: It's the heartbeat of Web3, and we're playing it loud and clear! Integrations #OnZeeve: https://t.co/x76UTCwn4x #ZeeveWrapped #Security #Web3 #BlockchainTech #IntegrationPartners #Rollups #RaaS #DoitOnZeeve

Monday industry catch-up 📰Crypto & Blockchain Update: December 16-22📈Market Highlights- Bitcoin drops down 9.3% over last 7 days, currently at $95,000- Ethereum is currently sitting at $3,200 with a 16.8% decrease last week- Last week’s top 3 gainers were PENGU (+425%), BGB (+26%), and FTT (+24%), while top 3 losers were STX (-34%), APT (-33%), and HNT (-33%)- Crypto market’s Fear & Greed Index is at 54 Neutral today- Crypto market capitalization at $3.29 trillion, down 1.15% since yesterday- Stablecoins market capitalization is up by 0.45% in last 7 days, currently at $204 billion- NFT sales volume is up by 57% in the last 7 days while total sales are up by 14% with 441,376 sales🌐Blockchain Tech- Spacecoin XYZ launches its first satellite into space as part of the goal of bringing the “Spacecoin layer” online in Earth’s orbit- L1 blockchain protocol Injective and SVM blockchain Sonic are launching Smart Agent Hub, allowing developers to deploy Solana-based AI agent applications- Trust Wallet fixed a glitch that caused crypto balances of users to disappear- Bitcoin restaking platform SatLayer integrates with Sui, enabling developers to leverage Bitcoin in DeFi applications📃Regulatory Updates- Google to require FCA registration starting January 15th, 2025, to be able to launch crypto ads targeting the UK- European Securities and Markets Authority (ESMA) released its final guidance for MiCA- Interpol issues “Red Notice” to Hex founder R. Schueler also known as Richard Heart, for committing tax fraud and assault- Italian data protection agency Garante fines OpenAI €15 million over data protection and privacy breaches- German data protection authority BayLDA demands Worldcoin to delete non-compliant biometric data- Bitwise launches Solana staking ETP in Europe with ticker BSOL while awaiting Solana ETF approval in the U.S.💰Investments & Partnerships- Tether invests $775 million into video-sharing platform Rumble- Digital banking platform Metallicus acquires Bonifii, a credit union service operator that’s connected to 70 credit unions- Quantum BioPharma invests $1 million in BTC and other cryptocurrencies for treasure diversification- Tokenization platform Allo has secured $100 million financing backed by Bitcoin-tied credit line- Lens, a layer-2 blockchain developed by Avara, raises $31 million in funding to scale the network infrastructure ahead of its mainnet launch in 2025- Plume Network receives $20 million in funding towards the development of its RWA (real-world assets) ecosystem🛡️Crypto Security- Chainalysis acquires web3 security firm Hexagate, expanding from just investigation to also threat prevention- Phishing scammers are spoofing Ledger’s support emails to try and trick users into revealing their seed phrases- Hackers stole $2.2 billion in 2024 according to Chainalysis, mostly through private key compromises🗞️Miscellaneous- Metaplanet completes biggest ever purchase of Bitcoin (BTC) worth $60 million- Former BinanceUS CEO B. Brooks joins board of directors at MicroStrategy- NFT marketplace OpenSea’s Cayman Islands registration fuels token airdrop rumor among the community- Deutsche Bank is developing its own layer-2 blockchain on Ethereum using ZKsync technology***Have a great holiday week ahead!🤝

Web3 security platform @hexagate_ has been acquired by @chainalysis. https://t.co/4Nk1yISpfa https://t.co/XIZJ5UCQNB

We’re excited to announce that we have acquired @hexagate_ , the leading provider of web3 security solutions. Chains, protocols, asset managers, and exchanges leverage Hexagate solutions to detect and mitigate threats including cyber exploits, hacks, and governance and financial risks.Together, Chainalysis and Hexagate provide a holistic risk solution that includes prevention, compliance and remediation. To learn more about Hexagate and what this means for Chainalysis, read our blog: https://t.co/fQYAL6bvVj

🎉 Big news: Hexagate has been acquired by @Chainalysis! We share a mission: to build a safer, more transparent financial system. Together, our two companies will provide a holistic risk solution that includes prevention, compliance and remediation for web3.👇 https://t.co/yz6ovPla6a

Governance Vote: QuickSwap Agreement to Renew with Hexagate’s Web3 Security Platform 🔐$QUICK holders, it's time to vote. Make your voices heard on Snapshot now.📅 Voting ends Thursday, November 28 at 6:00 AM UTC🗳 Vote now: https://t.co/QbOO2rfuDe

Governance Proposal: QuickSwap Agreement to Renew with Hexagate’s Web3 Security Platform 🔐Should the DEX's agreement with @hexagate_ be renewed? Time for the discussions to begin!👀 Blog: https://t.co/mHWrugSHRW🗣 Reddit: https://t.co/fTH4bmqNng

1/ 🛡️ Secure Your Digital Assets From Smart Contract Exploits Vulnerabilities can emerge quickly in DeFi. Fordefi’s AutoRevoke, powered by @Hexagate_’s real-time threat detection, helps protect your assets through automated smart contract revocation. ⬇️ Keep Reading https://t.co/kpfXsY5Rqa

The Hexagate team is in town, come and meet us to learn how you can take your onchain security to the next level#Devcon2024 #onchain #web3 #security https://t.co/TWzp0lzhPn

Security First Renzo has always prioritized security and is committed to continuing to improve it. Since the last report in May, there have been a few updates: - Timelock increased from 3 days to 7 days - Multi-sig increased from 3-of-5 to 4-of-6 - The Global Admin of the Role Manager contract managed by the timelock - @ChaosLabs_NFT has been onboarded as a risk manager - Operational security has also been improved; however, for security reasons won’t be disclosed Continued partnerships with @hexagate_ , @HalbornSecurity, @immunefi and @BrainChainTech Reminder to periodically use @RevokeCash or @Rabby_io to revoke permissions you no longer need. This simple step can help safeguard your assets in the event of an unforeseen event. Stay safe!

🚀 Exciting news! Hexagate partners with @Coinbase to enable developers to create more secure #onchain apps and protocols on Base. Access to the Hexagate Ecosystem Tier is now available to all Base apps and protocols at no cost. Learn more 👇 https://t.co/2sTuvs2Aoa

Weekly Digest #150: 👛 @v3v_ventures has invested in Algebra 📸 The snapshot for eligible stakers & TGE participants has been completed 🪙 Algebra’s OG Staking Program is live 🤝 Announcing strategic partnership with @hexagate_ And more at https://t.co/vYBU9Vn6vk.

New Addition to Algebra DEX Infra: @hexagate_, the leader in Web3 threat prevention & risk intelligence! 🤝 🔐 Hexagate offers proactive real-time security monitoring for DEXes running on Algebra AMM, ensuring a safer trading environment for users. 📖 https://t.co/BivMYT36PO.

.@zerolendxyz takes security very seriously, with multiple lines of defense in place! 🛡️ They implemented Hexagate as their real time security and risk monitoring and threat prevention to continuously protect their markets from any type of threat. 🔒 We are grateful to be working with such a thought leading and talented team! 💪

1/ 🚀 We are excited to announce that @zellic_io and Hexagate are partnering together to power invariant mapping and monitoring for protocols at all stages: pre and post-deployment!Contact us or @zellic_io to onboard!Read more about the partnership👇 https://t.co/Xrf3njuDK2

#BeefyVote: [BIP:82] Security Monitoring BudgetApproval for a 2-year budget for Hexagate Web3 Security.🗳️ https://t.co/hMsQxh7V8a https://t.co/S5zEfM9sXW

SteakHut has integrated @hexagate_ to help boost security 🔒Hexagate is a proactive Web3 security provider that helps prevent hacks before they happen. They constantly analyze any Web3 activity to detect signs of malicious activity. https://t.co/o5wE3MCn1U

To enhance security, @Penpiexyz_io is integrating @hexagate_'s advanced protection.✅Hexagate’s enterprise-grade platform prevents cyber exploits, hacks, and mitigates governance and financial risks for protocols, Web3 apps, and asset managers.⚙️https://t.co/hr6OtxfXIA https://t.co/6f5dHBWrgX

Wrapped an incredible Space, talking about Web3 Tools & DeFi Knowledge!Huge thanks to @fleek @DerekSilva @Aditi723_eth @Possum_Labs for dropping 🔥 insights!They shared game-changing insights on the latest must-have #defi tools.Top security tools:🔐 @hexagate_🛡️ @blowfishxyz⚔️ @harpieioMissed it? Replay here ⬇️https://t.co/6DDeh0RL6m#Web3 #DeFi #cryptocurrency #security #Web3Community

Penpie to Resume Operations After Security Audit; Discusses Compensation Plans

Penpie: Will resume deposits and withdrawals after a comprehensive audit, and discuss potential compensation plans.

Penpie: Withdrawals and deposits will resume after the comprehensive audit, and discussions on potential compensation plans will soon commence.

Penpie: Will resume deposits and withdrawals after completing a comprehensive audit, and will soon begin discussions on a potential compensation plan.

We're excited to partner with @AlchemyPlatform! 🥳 Rollups deployed on Alchemy can now easily integrate Hexagate's real-time security monitoring, helping developers detect and respond to suspicious activity instantly. This integration ensures rollups on Alchemy are better protected against exploits and hacks. Learn more: https://t.co/PrwZdKvVtu

We're excited to welcome @hexagate_ to our integrations marketplace! 🛒 Hexagate provides real-time threat prevention and risk intelligence for blockchain ecosystems, making web3 a more-secure space for builders and users. About Hexagate: 🛡️ Prevents attacks on smart contracts and onchain assets 💻 Powered by machine-learning 💰 Has helped apps/protocols save over $1 billion from exploits and theft Now, rollups deployed on Alchemy can easily add Hexagate for enhanced protection for developers and communities. Read more about integrating Hexagate with your rollup: https://t.co/dELbIh2yeW

Thanks for the shoutout @Penpiexyz_io. Hexagate triaged the incident and was the first one to identify the victim and notify the team. Happy we could've helped 🫶

Thank you @pendle_fi for the mention of our CTO @invlpgtbl! @hexagate_ monitored the attack in real-time and helped Pendle and others to take control over the incident and prevent further fund loss Contact us to get real time alerts and auto response to any threat onchain!

🔥 DeFi Security Landscape 🔥Got a vendor/product that should be on our radar? Drop it in the comments! @OpenZeppelin @chain_security @SpearbitDAO @osec_io @sigp_io @zellic_io @HalbornSecurit @ABDKconsulting @CertiK @MixBytes @ConsensysAudits @SlowMist_Team @dedaub @trailofbits @peckshield @Quantstamp @hackenclub @code4rena @sherlockdefi @cantinaxyz @secure3io @CertoraInc @verilog_audit @NethermindEth @rv_inc @verilog_audit @HardhatHQ @TenderlyApp @Hacker0x01 @immunefi @Phalcon_xyz @Cyvers_ @hexagate_ @HypernativeLabs @FortaNetwork @OpenZeppelin @MetaSleuth @ArkhamIntel @MistTrack_io @trmlabs @elliptic @TheSecureum @RektHQ @RugDocIO @DeFiHackLabs @SoloditOfficial #DeFiSecurity #BlockchainSecurity #ProtocolSecurity #AttackPrevention #CodeAuditing

This is a story of how @DeltaPrimeDefi used Hexagate to SAVE ~$60m. The team got the alerts, responded in real-time, worked with us to triage and mitigate the issue and resumed everything in less than 2 days. Incredible story by an incredible team.

Hexagate is thrilled to announce a partnership with @Scroll_ZKP to boost its ecosystem security.This collaboration brings real-time proactive threat prevention to safeguard Scroll’s smart contracts, bridges, oracles, and the entire ecosystem from any cyber or financial threat. https://t.co/QgmeJpxXvh

Dear Rho Fam, We are pleased to inform you that the incident has been successfully resolved. 🔸We are currently in the process of reallocating funds back to the borrow pools. Rest assured, a comprehensive postmortem report will be shared with the community in due course. 🔸In the meantime, we extend our heartfelt gratitude for the unwavering support from esteemed community members such as @Scroll_ZKP, @SlowMist_Team, @hexagate_, @zachxbt, @dedaub , @pencilsprotocol, Seal 911, and everyone else who assisted in the war room.

Happy we could help @lifiprotocol and appreciate the kind words! Hexagate was the first one to detect the hack, almost 2 minutes before it happened, jumped immediately to open a war room, put our resources (see pic) to help in the incident response, and identifed the root cause.

Hexagate is thrilled to announce the FIRST Onchain Automated Response for Institutions, based on our integration with @FordefiHQ, an institutional self-custody solution.Asset managers can reach out to get access to maximize returns and protect their assets from all threats 🔒 https://t.co/JiN1dSSW9S

1/ 🎉 @FordefiHQ Launches First Integrated On-chain Trigger Response Engine for Institutions in partnership with @hexagate_ !We're excited to announce the launch of our innovative new feature: Continuous Automated Response Engine (CARE). ✨ https://t.co/ikQxXlh8hP

Hexagate is excited to announce its first decentralized security oracle powered by Gate Protocol and built as an OVS leveraging the @eoracle_network. Stayed tuned from more news on Gate and how we will integrate real-time security into the blockchain stack https://t.co/ueLFE6xYHF