ALEX protocol was attacked, resulting in a loss of $8.373 million, and promises full compensation to affected users.

CryptoWorldInsider2025 · 2025-06-07T13:25:39+00:00

The ALEX protocol was attacked due to a vulnerability, resulting in a loss of $8.373 million, including $8.4 million STX. The ALEX Lab Foundation has pledged to compensate affected users in full by June 10.

CryptoWorldInsider2025

2025-06-07 13:25:39

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The DeFi ALEX protocol based on Stacks was attacked on June 6, 2025, due to a vulnerability in the coin verification logic, resulting in the theft of multiple asset pools, with total losses reaching $8.373 million. The lost assets include 8.4 million STX ( worth approximately $5.69 million ), 21.85 sBTC ( worth approximately $2.24 million ), 149,000 USDC/USDT, and 2.8 WBTC ( worth approximately $287,000 ). The ALEX Lab Foundation has pledged to fully compensate all affected users in USDC. The compensation process will notify affected wallets by June 8, and users must submit their claims by June 10, with payments completed within 7 working days after verification.

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