In a remarkable display of resilience, XLink, a prominent Bitcoin blockchain bridge, is gearing up for a triumphant comeback after a devastating $10 million hack forced it to shut down operations on May 15.

The attack, which exploited compromised private keys through a phishing scheme, allowed the perpetrator to gain control over XLink's Ethereum and BNB Smart Chain (BSC) endpoints, enabling the unauthorized withdrawal of approximately $4.3 million. However, the swift action of a white hat hacker soon led to the recovery of the stolen assets.

Despite the successful recovery on the BSC, a significant portion of the funds, primarily LunarCrush tokens valued at around $5 million, remains locked on the Ethereum blockchain. Fortunately, the LunarCrush team has stepped up, working closely with XLink to secure these funds, with the majority already recovered or secured.

In response to the incident, XLink promptly suspended all operations on the bridge to conduct a thorough investigation in collaboration with their security partners, including Ancilia, and their Binance team liaisons.

As XLink prepares to reopen, they have issued an urgent call to action for Ethereum and BSC users, urging them to revoke any appoved spending limits associated with the compromised contracts. This crucial step will help sever connections with the compromised contract and mitigate any further risks to users' funds.

The resilience and determination displayed by XLink in the face of adversity serve as an inspiration to the broader crypto community. As they work tirelessly to restore normalcy and safeguard their users' assets, XLink's comeback story stands as a testament to the strength and adaptability of the decentralized finance ecosystem.