Alex Protocol, the Finance Bitcoin (DEFI) platform on Blockchain Stacks, suffered an exploit on June 6, which gave $ 8.3 million losses of digital assets.
In x announcementThe Alex protocol said that the violation was caused by sensitivity in the logic of verification on the list. The attacker used the defect to eliminate liquidity from several asset pools.
The Bitcoin Defi platform said that the attacker sends about 8.4 million stack tokens (STX), 21.85 Bitcoin (SBTC), 149 850 W USDC (USDC) and USDT (USDT) and 2.8 Bitcoin (WBTC). The incident is one of the biggest feats in the stacks ecosystem.
In response to the incident, Alex Lab Foundation, an organization supporting the protocol, has committed full return of users affected by users using tax reserves.
Cointelegraph contacted Alex’s protocol via his X account, but he did not receive an answer until publication.
Alex Protocol for returning users affected by users after release
According to Alex Lab, compensation will be issued in USDC tokens. The protocol bases its reimbursement calculations from average exchange rates at 10:00 UTC and 14:00 UTC on the day of the attack.
Alex Lab said that the wallets affected by attack will receive onchain notification by June 8, including a personalized claim form. Users must send a completed form with the address of the receiving portfolio by June 10.
The team said that it would verify the sent claims and separate USDC payments within seven days. Users who do not receive the form called to contact the team via e -mail.
The team did not reveal the technical mechanisms behind the exploit, but they are expected to publish a post-mort report.
Related: Bybit reveals a security review in response to a USD 1.4 billion
Alex protocol hit by another hack in May 2024
This is not the first security incident in which the Alex protocol lost millions. In May 2024, the Defi platform suffered a exploitation of the average bridge infrastructure. The incident led to an unauthorized payment of $ 4.3 million in crypto from the Platform.
The DEFI protocol said that May Exploit was probably associated with the Korean Korean group of Lazarus cybercrime. The team pointed to three wallets used in the attack and said that they cooperated with the Blockchain Zachxbt Blockchain analyst to trace stolen assets.
https://www.youtube.com/watch?v=ndv0rfeetq
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