đ„ Alex Protocol Hit Again: $8.3M Drained in Major Bitcoin DeFi Exploit
đ Another day, another breach in Bitcoin DeFi. On June 6, Alex Protocol was exploited â again â losing $8.3 million after a vulnerability in its self-listing logic was abused. Pools were emptied. Tokens vanished.
đ The stolen stash?
âą 8.4M STX
âą 21.85 sBTC
âą $149,850 in USDC/USDT
âą 2.8 WBTC
One of the biggest security failures in the Stacks ecosystem yet.
đ The twist? This isnât even the first time. Alex was previously hacked in May 2024 for $4.3M â that one linked to North Koreaâs Lazarus Group. This time? Radio silence⊠but a post-mortem is "coming soon."
đ Alex Lab says users will be fully reimbursed in USDC, using treasury funds and a structured claim process:
Claims open: June 8
Submit by: June 10
Payouts: Promised within 7 days
đ«° Two multi-million dollar hacks in one year? Thatâs not bad luck â thatâs bad security.