ALEX recently sold 3% of its tokens to raise 10 million USDC for rewards, and 4 million stolen STX were sent to 27 exchanges

ChainCatcher message, Bitcoin DeFi platform ALEX Lab announced a financial status update and details on the recovery of stolen assets, recently selling 3% of its tokens to raise 10 million USDC, of which 7 million is allocated for bounties or the Treasury Grant project, and the remaining funds are used for the foundation's operations, personnel expenses, marketing, security contracts, and legal fees.

Approximately 4 million STX were sent to 27 different exchanges, of which about 1 million STX are unrecoverable. Additionally, 10 million STX are suspected to be controlled in several on-chain wallets, and the foundation is working to contact the relevant parties.