PiCK
Alex (ALEX), Security Incident Occurs… Platform Activities Temporarily Suspended
Summary
- Stacks-based Alex (ALEX) announced that all platform activities would be temporarily suspended following a security incident.
- The Alex team reported that some of the stolen funds have been traced to centralized exchanges (CEX), and they are cooperating with those exchanges.
- Alex suspended all platform functions for user protection and stated that they will share a report on the incident and their response in the future.
The Stacks-based decentralized finance (DeFi) platform Alex (ALEX) announced that a security incident has occurred and that all platform activities will be temporarily suspended.
On the 6th, Alex stated on its official X (formerly Twitter), "We are aware of the malicious activity that occurred on Alex and are responding 24/7 to control the situation and prevent further damage."
They added, "We have identified evidence that part of the stolen funds flowed into centralized exchanges (CEX), and are closely cooperating with those exchanges."
Due to this incident, Alex has temporarily suspended all platform functions for user protection.
Alex also stated, "We will promptly share a post-mortem report detailing the incident and our response."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
