Alex Lab will fully compensate affected users for the previous attack that resulted in a loss of 8.3 million dollars.

Gate News bot news, recently, the Bitcoin DeFi protocol Alex Lab based on Stacks suffered a second major vulnerability attack, resulting in the theft of Crypto Assets worth 8.3 million dollars.

The protocol announced last Friday that it will fully compensate affected users using funds from its treasury. Users will receive separate notifications, but must fill out a claim form before June 10 to receive the funds.

The official statement said: “The attacker exploited a vulnerability in the verification logic of the coin listing function, referencing a failed transaction, which allowed malicious tokens to bypass checks and transfer funds from the liquidity pool.” The core issue arises from the current on-chain limitations, specifically the inability to reliably detect failed transactions on Stacks."

It is reported that Alex Lab was attacked in May 2024, resulting in a loss of approximately 4.3 million US dollars.

Source: The Block