ALEXGO and zeroShadow Collaborate to Create Security & Recovery Solutions for Stacks

ALEXGO,
the
company
providing
technology
to ALEX,
the
largest
Bitcoin
DEX,
and zeroShadow,
a
Web3
security
and
incident
response
expert,
partnered
to
enhance
security
and
incident
response
within
the
Stacks
ecosystem
through
advanced
on-chain
tracking
and
monitoring
for
Bitcoin
Layer
2
solutions.

Currently,
existing
solutions
that
provide
on-chain
transaction
tracking
and
potential
risks
do
not
support
Bitcoin
L2s.
In
response
to
recent
security
challenges,
ALEXGO
and
zeroShadow
are
addressing
this
gap
by
developing
a
solution
specifically
designed
for
the
Stacks
ecosystem.
With
the
Stacks
Nakamoto
upgrade
scheduled
for
the
end
of
August,
this
joint
venture
is
poised
to
significantly
strengthen
the
Bitcoin
ecosystem
by
enhancing
its
security
infrastructure. 

zeroShadow
and
ALEXGO
are
partnering
to
lead
the
development
of
the
security
and
response
infrastructure
from
both
a
technological
and
services
perspective.
ALEXGO’s
tracing
and
visualization
tools
will
be
leveraged
to
support
zeroShadow’s
response
and
recovery
services.

The
next
step
for
this
partnership
is
to
improve
security
before
incidents
happen.
This
will
be
done
by
bringing
in
key
technology
and
service
providers
to
protect
all
areas
of
the
projects
and
users
in
the
Stacks
ecosystem.

Benefits
of
this
initiative
on
Stacks
include:

• 
  Enhanced
  Security:
  By
  monitoring
  and
  analyzing
  on-chain
  transactions,
  protocols
  can
  identify
  and
  mitigate
  potential
  threats
  before
  they
  impact
  the
  network.
  This
  proactive
  approach
  reduces
  the
  risk
  of
  hacks
  and
  exploits.

• 
  Fraud
  Detection: Advanced
  algorithms
  can
  detect
  patterns
  of
  fraudulent
  activities,
  enabling
  protocols
  to
  act
  swiftly
  against
  malicious
  actors
  and
  protect
  user
  assets.

• 
  User
  Confidence:
  With
  enhanced
  security
  measures
  in
  place,
  users
  will
  have
  greater
  confidence
  in
  participating
  in
  DeFi
  activities
  on
  Stacks,
  leading
  to
  increased
  adoption
  and
  network
  growth.

• 
  Efficient
  Recovery:
  In
  case
  of
  security
  breaches,
  zeroShadow’s
  expertise
  in
  tracing
  stolen
  funds
  and
  engaging
  with
  law
  enforcement
  can
  expedite
  the
  recovery
  process,
  minimizing
  losses
  and
  restoring
  normal
  operations
  quickly.

zeroShadow
will
assist
the
ALEX
Lab
Foundation
in
its
recovery
efforts,
offering
strategic
advice
on
engaging
law
enforcement
agencies
and
recovering
funds
from
centralized
exchanges
(CEXs)
and
other
Web3
partners.
This
support
will
ensure
swift
and
effective
responses
to
security
breaches.

ALEXGO
and
zeroShadow
are
committed
to
setting
new
standards
for
security
and
protection
in
the
DeFi
space.
By
leveraging
advanced
chain
analysis
techniques
and
innovative
technology,
this
partnership
will
provide
users
with
enhanced
protection
and
greater
confidence
in
the
safety
of
their
assets.

About
zeroShadow

zeroShadow
is
the
world
leader
in
Web3
security
solutions,
covering
everything
from
prevention
to
recovery.
Acting
as
an
extension
of
its
clients’
security
teams,
zeroShadow
enhances
policies
and
maintains
technical
solutions.
Its
24/7
International
Security
Operations
Center
(SOC)
is
ready
to
handle
alerts
and
incidents,
collaborating
closely
with
client
teams
to
manage
critical
situations
and
initiate
on-chain
tracing,
investigation,
and
recovery. For
more
information,
visit
their
website: www.zeroshadow.io

About
ALEXGO

ALEXGO
is
the
technology
provider
behind
the
ALEX
DeFi
protocol,
a
pioneering
platform
for
decentralized
finance
on
the
Stacks
blockchain.

ALEX
offers
a
comprehensive
suite
of
DeFi
services,
including
a
decentralized
exchange
(DEX),
launchpad,
liquidity
mining,
and
yield
farming.
Their
platform
leverages
the
unique
capabilities
of
the
Stacks
blockchain
to
harness
the
potential
of
Bitcoin
for
decentralized
finance,
providing
secure
and
efficient
financial
solutions.
For
more
information,
visit https://alexgo.io/