zachxbt

Yup… it’s happened again.
On June 6, Alex Protocol, a Bitcoin-based DeFi platform on the Stacks blockchain, was hit with a massive $8.3 million exploit — marking its second major breach in just over a month. 😬

💸 What the attacker stole:
• 8.4 million STX tokens (~$5.5M)
• 21.85 sBTC
• 149,850 in USDC & USDT
• 2.8 WBTC (over $295K at current prices)
The exploit was traced to a vulnerability in Alex’s self-listing verification logic, which allowed the attacker to drain multiple liquidity pools in one coordinated strike.
It’s a huge blow to the Stacks ecosystem, and the second time Alex has lost millions to a breach.

🕵️‍♂️ Flashback: May 2024 Hack
This isn’t their first rodeo. In May 2024, Alex Protocol suffered a $4.3 million exploit targeting its cross-chain bridge infrastructure.
That attack was suspected to be linked to the infamous North Korean Lazarus Group.
The team identified three wallets involved and worked with blockchain sleuth ZachXBT to trace the stolen funds.
⚠️ That’s now over $12.6M lost in two separate attacks in just five weeks.

✅ What’s Being Done Now?
To their credit, Alex Lab Foundation has pledged to fully reimburse all users affected by the June 6 exploit. Here’s how:

• Payouts in USDC
• Calculations based on average onchain rates from 10:00–14:00 UTC on the day of the attack
• Claim forms sent via onchain notifications by June 8
• Users must submit forms (with a receiving wallet) by June 10
• Payments to go out within 7 days of verification
• Anyone missing a form should email the team directly
Still, the technical root of the exploit hasn’t been disclosed yet. A post-mortem is expected, but many are already questioning whether Alex can bounce back from two back-to-back multimillion-dollar hits.
Cointelegraph reportedly tried to contact the team, but no official public response has surfaced beyond the posts on X.
💬 The vibe in the community? Cautious. Frustrated. Tired.
Two exploits. $12.6M gone.
Even with reimbursements, trust is a hard thing to buy back in DeFi.
#CryptoNews #DeFi #Bitcoin #alexprotocol #Stacks #STX #Web3 #Hacks #LazarusGroup #zachxbt #USDC #CryptoSecurity #DYOR 🔍💥📉

On June 17th, Scroll announced that its ecological DEX NURI Exchange will launch its native token NURI on June 19th. According to reports, NURI combines the security of Uniswapv3 with innovative governance and incentive measures.
#zachxbt

The article discusses Solana’s (SOL) bullish pattern and potential breakout towards $180, as well as the strong presale phase for meme coin Mpeppe (MPEPE), highlighting the growing strength of meme coins in the cryptocurrency market. #zachxbt

According to Coinglass data, the total open interest of BTC futures contracts is 419,290 BTC (equivalent to $17.69 billion), with a 24H decrease of 1.22%.
Among them, the open interest of CME BTC contracts is 115,440 BTC (equivalent to $4.86 billion), ranking first; the open interest of Binance BTC contracts is 101,240 BTC (equivalent to $4.27 billion), ranking second. #zachxbt

Magic Eden is a cross-chain NFT marketplace that plans to support the upcoming Bitcoin Runes token standard. Runes was created by Bitcoin developer Casey Rodarmor and is touted as a more efficient way to mint and trade tokens on the Bitcoin network. Magic Eden aims to double down on the development of the Bitcoin ecosystem by adding Runes to its existing Ordinals market.
#zachxbt

According to The Information, the collapse of a major cryptocurrency-friendly bank last year caused a lot of trouble for the cryptocurrency market, making it more difficult for hedge funds and other cryptocurrency investors to transfer funds at the speed required by most exchanges. However, more and more cryptocurrency brokers (such as FalconX) and cryptocurrency trading firms (including GSR and B2C2) are getting involved in providing short-term financing to ensure that their clients' transactions can be settled immediately, generating huge returns in the process. Several cryptocurrency brokers are acting as shadow banks, providing short-term loans to make up for timing mismatches, charging annual interest rates as high as 25%.
#zachxbt

Trump stated in his appointment of David Sacks that Sacks will focus on establishing a legal framework that provides the clarity the cryptocurrency industry has long sought and allows it to thrive in the U.S. Analysis suggests that David Sacks is expected to help lead the effort to fulfill Trump's campaign promise to ease regulation on the cryptocurrency industry. This position is anticipated to provide cryptocurrency advocates with a direct channel to the White House and serve as a liaison between Trump, Congress, and federal agencies related to digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. In the field of artificial intelligence, David Sacks will assist Trump in imprinting his mark on an emerging technology that has seen explosive growth in recent years. David Sacks will be at the forefront of determining how the federal government adopts and regulates the use of artificial intelligence, as advancements in AI technology and consumer adoption bring both broad benefits and risks related to national security, privacy, employment, and other areas.

Coinglass data shows that the current notional value of open positions in BTC options across the network is $29.95 billion, and the notional value of open positions in ETH options is $14.7 billion.
According to previous news, Deribit data showed that BTC options and ETH options contracts with a nominal value of more than $2.024 billion and $1.269 billion in ETH options contracts will expire for delivery on Friday (March 15). Among them, the maximum pain point price of BTC is $65,000; the maximum pain point price of ETH is $3,500. #zachxbt

Florida's Chief Financial Officer, Jimmy Patronis, has suggested that the state's pension funds invest in cryptocurrency, inspired by Donald Trump's support for the US government stockpiling bitcoin. In a letter to the state's investment managers, Patronis urged them to consider the option, stating that bitcoin is often referred to as "digital gold" and could provide a secure hedge against the volatility of other major asset classes. He also noted that other states have already made similar investments. Patronis praised Trump's innovative thinking and urged that it not be taken for granted.
#zachxbt

Jameson Lopp, co-founder of Bitcoin custodian Casa, said on the X platform that Bitcoin is not just a digital gold, nor is it just an electronic currency. Bitcoin is a trust anchor on which a large number of rule-based verifiable systems can be built. #zachxbt

According to Dune data, the number of PYTH stakers has exceeded 125,000. Currently, there are a total of 687,149,310 PYTH tokens staked, equivalent to approximately $266 million.
#zachxbt

Second edition: After much thought, the virtual machine should be streamlined to the extreme, simplifying the system to the greatest extent, and retaining more practical functions. After 2 days of tossing, I installed Xiaoxiu’s streamlined version of WIN-LSTC-2021~! Test various third-party software perfectly... VM virtual machine WIN10-LTSC2021 simplified version image compression package - small and powerful, perfect operation, I love cracking - LCG - LSG | Android cracking | Virus analysis | www.52pojie.cn #zachxbt

Montenegrin Justice Minister Andrej Milovic has discussed with U.S. Securities and Exchange Commission (SEC) officials, including Enforcement Director Gurbir Grewal, an investigation into Terraform Labs co-founder Do Kwon, who remains in Montenegro as courts consider extradition requests from the United States and South Korea at press time. (Cointelgraph) #zachxbt

NIM Network, an AI game chain based on Dymension, announced that it will conduct its first community-owned AI yield sale. NIM stakers, PEPE, WLD, and USDT holders will be eligible to participate in the yield sale. NIM stakers will be eligible for incremental allocation, which will be snapshot completed this month.
#zachxbt

The Hattori JGB book provides a basic introduction to Japanese government bonds. This book covers a range of topics, including the overall picture of the government bond market, the commodity nature of Japanese government bonds, the practicalities of trading government bonds, and the role of securities firms. Each chapter can be read independently, and if readers want more detailed information, they can also refer to the guide to related articles and literature. #zachxbt

According to Arkham data, the grayscale address transferred about 4666.9 BTC, worth approximately $294 million, to the Coinbase Prime address about 22 minutes ago. In addition, Grayscale transferred 700 BTC to an unmarked address.
#zachxbt

The blockchain intelligent ZK co-processor Brevis has announced that Brevis coChain AVS has gone live on the mainnet. By combining ZK proofs with encrypted economic security driven by EigenLayer re-staking, coChain is committed to significantly reducing costs and implementing new features in ZK co-processing.
#zachxbt

Tencent Cloud has launched a blockchain infrastructure solution, providing a one-click node hosting service for MultiversX developers, simplifying the process of deploying and managing multi-universe blockchain infrastructure nodes.
#zachxbt

WorldCoin has announced the launch of its Layer 2 network, World Chain, which is expected to go live later this summer. The aim is to build a financial and identity network. Worldchain is an OP Stack chain that will focus on scalability, with the near-term goal of significantly increasing the gas limit for Layer 2 blocks.
#zachxbt

After Baby Doge Coin was listed on Binance, its value increased significantly, reaching a new high, attracting more attention, and analysts predict further growth in the future. #zachxbt