ALEXGO and zeroShadow Partner to Enhance Security for Stacks Ecosystem

ALEXGO, the technology provider behind the largest Bitcoin DEX, ALEX, has partnered with zeroShadow, a Web3 security and incident response expert, to enhance security and incident response within the Stacks ecosystem. This collaboration aims to address the current gaps in on-chain transaction tracking and potential risk identification for Bitcoin Layer 2 solutions.

The joint venture between ALEXGO and zeroShadow comes in response to recent security challenges and is designed specifically for the Stacks ecosystem. With the Stacks Nakamoto upgrade scheduled for the end of August, this initiative is expected to significantly strengthen the Bitcoin ecosystem by enhancing its security infrastructure.

The partnership will see ALEXGO's tracing and visualization tools leveraged to support zeroShadow's response and recovery services. The collaboration aims to improve security before incidents occur by engaging key technology and service providers to protect all areas of the projects and users within the Stacks ecosystem.

Several key benefits are expected from this initiative:

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

• Fraud Detection: Advanced algorithms will 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 aims to 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.