PANews
PANews|Jun 07, 2025 02:26
DeFi protocol ALEX suffered a loss of approximately $8.37 million due to a logic vulnerability attack, and the official promises full compensation DeFi protocol ALEX tweeted that due to a self listing logic vulnerability, attackers have drained multiple asset pools, resulting in a total loss of approximately $8.373 million. The specific losses are: STX: 8.4 million STX (approximately 5.69 million US dollars) SBTC: 21.85 sBTC (approximately 2.24 million US dollars) USDC/USDT: 149850 USDC/USDT (approximately 149800 USD) WBTC/BTC: 2.8 WBTC (approximately $287400) The team will utilize funds from ALEX Lab Foundation to fully compensate each affected user for their losses in the form of USDC. The compensation calculation will be based on the average on chain exchange rate between 18:00 and 22:00 (UTC+8) on June 6th. The affected wallet addresses will receive a private notification, including a claim form, before 7:59 am (UTC+8) on June 9th. The deadline for submitting the claim form is June 11th at 7:59 am (UTC+8), please confirm receipt of the wallet address. After confirmation, the compensated USDC will be sent within 7 working days. The team stated that they will make every effort to restore the funds of each affected user as soon as possible (totaling $8373227.13).
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