Stacks Decentralized Finance protocol ALEX was attacked, resulting in a loss of $8.373 million, and it has promised to fully compensate affected users.

CryptoWorldInsider2025 · 2025-06-07T11:27:11+00:00

The ALEX protocol was attacked due to a vulnerability, resulting in a loss of $8.373 million, including 8.4 million STX. The ALEX Lab Foundation has pledged to fully compensate affected users, and compensation applications must be submitted by June 10.

CryptoWorldInsider2025

2025-06-07 11:27:11

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The DeFi ALEX protocol based on Stacks was attacked on June 6, 2025, due to a vulnerability in the coin verification logic, resulting in multiple asset pools being drained, with a total loss of $8.373 million. The lost assets include approximately $5.69 million in 8.4 million STX(, about $2.24 million in 21.85 sBTC), 149,000 USDC/USDT, and about $287,000 in 2.8 WBTC(. The ALEX Lab Foundation has committed to fully compensate all affected users in USDC. The compensation process will notify affected wallets by June 8, and users must submit their claims by June 10, with payouts completed within 7 working days after verification.

STX-0.86%

DEFI3.36%

ALEX0.19%

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