#BinanceAlphaAlert

ALEX Protocol Suffers Over $8 Million Loss from Security Vulnerability

Foresight News reports that ALEX Protocol has incurred a major financial loss exceeding $8 million due to a critical security flaw. The breach stemmed from a vulnerability in the protocol’s self-listing logic, which lacked proper compatibility checks for failed transactions. Exploiters took advantage of this gap to drain funds from the liquidity pool. Yu Jian, founder of SlowMist, compared the incident to a similar breach on May 25 last year, when a private key leak resulted in multi-million-dollar losses.