Ethereum

XLink has partnered with Kaamel Technology to strengthen its cybersecurity. This partnership comes shortly after another security breach on May 15 that cost $10 million in user funds. Kaamel Technology, a company specializing in privacy and cybersecurity issues, will conduct a broad survey to identify the primary reasons for the incident and to avoid recurrences. 
Moreover, XLink is also expediting its <a href="https://x.com/XLinkbtc/status/1792509949375053927" target="_blank">collaboration</a> with Ancilia Inc. for enhanced real-time on-chain monitoring. Ancilia’s swift alert during the recent attack enabled XLink to mitigate further losses promptly. Additionally, XLink is expanding its partnership with Cobo, its BTC custodian.&nbsp; 
Cobo’s robust setup secured XLink’s reserve assets during the breach. The partnership will now focus on migrating XLink’s web3 key management to the Cobo MPC infrastructure to enhance security further. 
<a href="https://www.cryptotimes.io/2024/05/17/xlink-bitcoin-bridge-resumes-after-10m-hack-recovery/">XLink </a>indefinitely suspended merchant operations to focus on the investigation alongside former security thinkers and Binance representatives. It was a phishing attack that led to an exchange of private keys to degrees from the Ethereum and BSC endpoints of XLink. White-hat hackers retrieved a major portion of stolen assets.

XLink Partners with Kaamel and Others After $10M Breach

The Crypto Times

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