The DeFi protocol ALEX suffered a malicious attack with losses exceeding 8.37 million dollars, and has promised full compensation

2025-06-07 10:12:06

Collection

ChainCatcher news, based on the Stacks DeFi protocol ALEX, reported that it was attacked due to a vulnerability in the coin verification logic, resulting in the attacker extracting funds from multiple asset pools, with a total loss of approximately $8.37 million. The specific losses are as follows:

STX loss of 8.4 million STX (approximately $5.69 million)
sBTC loss of 21.85 sBTC (approximately $2.24 million)
USDC/USDT loss of 149,850 (approximately $149,800)
WBTC/BTC loss of 2.80 WBTC (approximately $287,400)

The ALEX Lab Foundation will fully compensate each affected user using the treasury, with compensation paid in USDC. The compensation calculation will be based on the average on-chain exchange rate between 18:00 and 22:00 on June 6, 2025. Affected wallet addresses will receive a private notification before 7:59 on June 9, 2025, containing a claim form. The claim form must be submitted before 7:59 UTC on June 11, 2025, confirming the receiving wallet address. Upon confirmation, the compensated USDC will be sent within 7 working days.

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