Alex Lab Hacked for the second time: $ 8.3 million loss, users for users
Alex Lab announced that it would compensate for all user damages after an $ 8.3 million attack by taking advantage of the in -protocol logic error. Token, the platform $ Alex fell by 45 %after the news.
⚠️ Second major attack: programming logic infiltrated
Bitcoin -oriented defi protocol Alex Lab, June 7, an abuse of $ 8.3 million. The attack targeted a confirmation logic error on the Stacks network. The protocol announced the incident from the official X account and announced that victim users will be compensated by 100 %.
“The aggressive managed to escape from controls and attract funding from pools with a malicious token by reference to a failed process. This is due to the inability of the stacks network to rely on unsuccessful transactions.”
Users need to fill in form until June 10th to receive compensation.
📉 Clast in $ Alex Token: 45 %depreciation
After the incident, the local presence of the protocol $ Alex lost 45 %in 24 hours. According to CONKECKO data, investors rapidly headed for sale and the confidence environment was shaken.
This decrease is considered as a reflection of not only technical weakness, but also the damaged reputation of Alex Lab.
The attack in 2024 still could not be compensated
Alex Lab lost $ 4.3 million as a result of an attack on May 2024, as a result of an attack on Lazarus Group. That attack was not due to the smart contract deficit, but through special switches stolen with the attack attack.
After this attack, some central exchanges frozen the stolen assets. With the vote of Alex Dao, user damages were met by protocol revenues. However, according to current data:
“Only 8 of the 15 central stock exchanges returned the funds, and negotiations are ongoing with the remaining 7. We expect more recovery in the second quarter.”
🔒 Security weaknesses show the fragility of Bitcoin -based Defi
Alex Lab, which works on Stacks, is one of the leading projects aiming to combine Bitcoin infrastructure and defi opportunities. However, overlapping attacks reveal that the safety systems of the platform have serious deficiencies.
Alex team, in the following process:
Increasing security audits
Funding insurance mechanisms
Restructuring DAO -based damage management
as such measures on the agenda.
