Alex (ALEX) Suffers $8.37 Million Exploit… Full Compensation in USDC Planned

Source
JH Kim

Summary

  • Alex (ALEX) announced that $8.37 million was stolen in an exploit that occurred on a Stacks (STX)-based DeFi protocol.
  • Alex stated that, as a result of the attack, assets were stolen from several pools, including Stacks.
  • The foundation plans to fully compensate the stolen amount in USDC, and said that the average on-chain exchange rate between 19:00 and 23:00 (KST) on June 6 will be used as the compensation basis.

The Stacks (STX)-based DeFi protocol Alex (ALEX) announced on the 6th (local time) via X (formerly Twitter) that a vulnerability in the Stacks chain was exploited, resulting in the theft of $8.37 million.

Alex stated, "Assets were stolen from several pools including Stacks as a result of this attack," and explained, "The foundation plans to fully compensate the stolen amount in USDC, and the compensation rate will be based on the average on-chain exchange rate between 19:00 and 23:00 (KST) on June 6."

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JH Kim

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