ALEXGO and zeroShadow Partner to Bolster Security in Stacks Ecosystem

ALEXGO, the technology provider for the largest Bitcoin DEX, ALEX, has joined forces with Web3 security and incident response expert zeroShadow to enhance security within the Stacks ecosystem. This collaboration aims to introduce advanced on-chain tracking and monitoring specifically designed for Bitcoin Layer 2 solutions.

Current solutions for on-chain transaction tracking and risk assessment do not support Bitcoin L2s, leaving a critical gap in security infrastructure. In response, ALEXGO and zeroShadow are developing new solutions tailored for the Stacks ecosystem. This partnership comes as the Stacks Nakamoto upgrade is set to roll out at the end of August, promising to significantly bolster the Bitcoin ecosystem's security.

Leveraging ALEXGO's tracing and visualization tools, zeroShadow will spearhead the development of security and incident response infrastructure. The partnership aims not only to respond to security incidents but also to proactively prevent them by incorporating key technology and service providers to protect all areas of the Stacks ecosystem.

The initiative promises multiple benefits:

• 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 swift action against malicious actors to protect user assets.

• User Confidence: Enhanced security measures will likely increase user confidence in participating in DeFi activities on Stacks, fostering greater adoption and network growth.

• Efficient Recovery: zeroShadow's expertise in tracing stolen funds and engaging with law enforcement will expedite recovery processes, minimizing losses and restoring normal operations quickly.

In addition, zeroShadow will support the ALEX Lab Foundation by offering strategic advice on engaging law enforcement agencies and recovering funds from centralized exchanges and other Web3 partners. This comprehensive support ensures swift and effective responses to security breaches, setting new standards for security and protection in the DeFi space.

By leveraging advanced chain analysis techniques and innovative technology, ALEXGO and zeroShadow aim to provide users with enhanced protection and greater confidence in the safety of their assets within the Stacks ecosystem.