ALEX suffered losses of over 8.37 million US dollars due to malicious attacks, promising full compensation

2025-06-07 01:56

According to Foresight News, ALEX, a DeFi protocol based on Stacks, reported that due to a self listing verification logic vulnerability, attackers extracted funds from multiple asset pools, resulting in a total loss of approximately $8.37 million. The specific losses are: STX loss of 8.4 million STX (approximately 5.69 million US dollars), sBTC loss of 21.85 sBTC (approximately 2.24 million US dollars), USDC/USDT loss of 149850 (approximately 149800 US dollars), WBTC/BTC loss of 2.80 WBTC (approximately 287400 US dollars). The ALEX Lab Foundation will use the national treasury to fully compensate each affected user for their losses, and the compensation will be paid in USDC. The compensation calculation will be based on the average on chain exchange rate between 18:00 and 22:00 on June 6, 2025. The affected wallet addresses will receive a private notification, including a claim form, before 7:59 am on June 9, 2025. The claim form must be submitted before 7:59 UTC on June 11, 2025, to confirm the receiving wallet address. After confirmation, the compensated USDC will be sent within 7 working days.

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