Alex Protocol lost $8.3 million after being attacked.

2025-06-07 04:49:05

Alex Protocol, a DeFi platform on the Stacks blockchain, was attacked on June 6, resulting in a loss of $8.3 million in digital assets. The security flaw stemmed from a vulnerability in the self-listing verification logic, allowing the attacker to drain liquidity from multiple asset pools.

The attackers took about 8.4 million Stacks (STX) tokens, 21.85 Stacks Bitcoin (sBTC), 149,850 USDC, USDt, and 2.8 Wrapped Bitcoin (WBTC). Alex Lab, the organization that supports the protocol, promised to fully refund affected users in USDC, based on the average on-chain rate on the day of the crash.

Users will receive notifications and request forms before June 8, and must submit their applications before June 10. The team will verify the requests and process payments within seven days.

ALEX-0.61%

LA-6.84%

B-4.69%

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