DeFi protocol ALEX suffered a loss of approximately $8.37 million due to a logic vulnerability attack, and the official promised full compensation

PANews reported on June 7 that the DeFi protocol ALEX tweeted that it was attacked due to a self-listing logic vulnerability, and the attacker drained multiple asset pools, with a total loss of approximately US$8.373 million. The specific losses are:

  • STX: 8.4 million STX (approximately $5.69 million)
  • sBTC: 21.85 sBTC (about $2.24 million)
  • USDC/USDT: 149,850 USDC/USDT (approximately $149,800)
  • WBTC/BTC: 2.8 WBTC (about $287,400)

The team will use funds from the 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 6. The affected wallet addresses will receive a private notification containing a claim form before 7:59 (UTC+8) on June 9. The deadline for submitting the claim form is 7:59 (UTC+8) on June 11 to confirm the receiving wallet address. After confirmation, the compensated USDC will be sent within 7 working days. The team stated that it will make every effort to restore the funds of each affected user as soon as possible (a total of US$8,373,227.13).

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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