Cryptocurrencies

Bitcoin Bridge XLink announced on May 20 that it has partnered with Kaamel Technology

Bitcoin Bridge XLink announced on May 20 that it has partnered with Kaamel Technology as part of its first major initiative to investigate the recent security breach.

According to a post on

We are pleased to announce that XLink is taking decisive action to strengthen the security of our platform. Our first major initiative is a strategic engagement with Kaamel Technology for incident response.

XLink’s partnership with cybersecurity firm Kaamel Technology aims to conduct a comprehensive investigation into the “root cause” of the May 15 hack that involved nearly $10 million in user funds.

According to XLink, Kaamel Technology will conduct an “in-depth investigation” and implement measures to “eliminate vulnerabilities and prevent future breaches.”

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As part of its flagship XLink initiative, Bitcoin Bridge is accelerating its partnership with Ancilia Inc. To enhance “real-time on-chain monitoring infrastructure.” Ancilia alerted XLink of the latest attack, enabling the bridge provider to take appropriate mitigation measures before more funds are stolen.

Additional steps are also being taken in collaboration with Cobo, XLink’s BTC custodian.

(Cobo) Our BTC custodian, whose robust setup has secured aBTC reserve assets, is being expanded to accelerate the migration of our web3 key management to the Cobo MPC infrastructure.

XLink explained that in addition to the partnerships with “Cobo, Ancilia, and Kamel Technology,” its approach includes plans to announce additional partnerships in the future as part of efforts to “enhance the security of the platform.”

The $10 million hack that catapulted XLink into a wave of security partnership developments involved hacking Ethereum and BNB Smart Chain (BSC) endpoints.

The attacker withdrew about $4.3 million after obtaining private keys through a phishing scheme, but was quickly thwarted by a white hat hacker who recovered the stolen assets.

Bitcoin Layer 2 developer Alex Labs – the creator of the

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