XLink, a Bitcoin blockchain bridge, is poised to bounce back after a devastating $10 million hack that forced its closure on May 15. The security breach, which exploited private keys obtained through a phishing scheme, affected Ethereum and BNB Smart Chain networks. However, thanks to the swift action of a white-hat hacker, most of the stolen funds were recovered or secured.

The XLink team acted promptly, suspending operations and conducting a thorough investigation with their security partners, including Ancilia Inc. and the Binance team. The probe revealed that the attacker had controlled BSC and Ethereum endpoints, withdrawing approximately $4.3 million unauthorized. However, the majority of the stolen assets were soon seized by the white-hat hacker, and XLink has been working closely with the LunarCrush team to secure the remaining funds.

As XLink prepares to resume operations, users are urged to revoke access to compromised contracts to avoid further risks. The team has provided detailed instructions and links for Ethereum and BSC users to cancel approved spending limits and sever connections with the compromised contract. This crucial step will help mitigate related risks, and users who fail to do so may risk losing their funds to the attacker.

With approximately $500,000 worth of remaining crypto funds still locked on Ethereum, XLink's swift response and collaboration with security partners have minimized the damage. As the platform prepares to reopen, users can breathe a sigh of relief, knowing that most of the stolen funds have been recovered or secured. XLink's resilience in the face of adversity is a testament to its commitment to security and user trust.