XLink onboards Fireblocks, Ancilia to prevent another $10M hack
The partnerships provide MPC technology, significantly improving security measures compared to traditional multisig solutions or single private keys.
Alex Lab’s XLink, a Bitcoin bridge, has partnered with Fireblocks and Ancilia in response to a recent security breach involving $10 million in user funds.
The collaboration with Fireblocks will introduce multiparty computation (MPC) technology to XLink’s wallet and smart contract management.
In a written Q&A with Cointelegraph, Chiente Hsu, CEO and co-founder of Alex, explained:
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