XLink, a renowned Bitcoin blockchain bridge, is preparing for a comeback after shutting down on May 15 due to a significant security breach. The incident involved the theft of nearly $10 million, though swift action by a white hat hacker helped recover $4.3 million.
The breach, which affected XLink’s Ethereum and BNB Smart Chain (BSC) endpoints, was initially disclosed by the XLink team early on May 15. As of May 17, XLink is gearing up to resume normal operations.
The attack was executed through a phishing scheme that compromised private keys, allowing the attacker to control the BSC and Ethereum endpoints and withdraw around $4.3 million. Fortunately, a white hat hacker intervened and successfully recovered the stolen assets.
“No endpoints other than BSC and Ethereum were affected by this exploit,” stated XLink in their official statement. Despite the recovery efforts on BSC, approximately $5 million, primarily in LunarCrush tokens, remain locked on the Ethereum blockchain. However, the LunarCrush team is actively collaborating with XLink to secure these funds, with the majority already “recovered or secured.”
Residual crypto funds worth approximately $500,000 are still locked on Ethereum, but the majority of the funds have either been recovered or secured.
