The post Bitcoin bridge XLink resurrection underway post $10M hack appeared on BitcoinEthereumNews.com.

XLink faced a security breach involving almost $10 million, with $4.3 million recovered thanks to a friendly neighborhood white hat hacker. XLink, an established Bitcoin blockchain bridge, is prepping a comeback after it shut down on May 15 after suffering a $10 million hack. XLink was the victim of a security breach involving its Ethereum and BNB Smart Chain (BSC) endpoints. The XLink team first disclosed the breach in the early hours of May 15, which is now coming to a close on May 17 as the team prepares to resume normal operations. The attacker exploited compromised private keys via a phishing scheme, which allowed them to control the BSC and Ethereum endpoints and withdraw around $4.3 million without authorization. However, according to XLink, a white hat hacker soon recovered the stolen assets. Read more Source: https://cointelegraph.com/news/bitcoin-bridge-xlink-hack-recovery

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Filed under: News - @ May 18, 2024 12:20 am