Hack of Alex Protocol and theft of $8.37 million due to a security vulnerability

Details:

• The attacker exploited a vulnerability in the smart contract management.

• The losses included ALEX tokens, sUSDT, and xBTC.

• The protocol has frozen activities and is investigating recovery.

Warning:

• Calls to enhance smart contract auditing before deployment.

#DeFiHack #AlexProtocol #SmartContractFlaw #CryptoSecurity #Exploit

#alexprotocol #exploit