💲Alex Protocol will reimburse USDT to affected users after the exploit 💲
According to Alex Lab, the compensation will be issued in USDC tokens. The protocol will base its reimbursement calculations on the average on-chain exchange rates between 10:00 am UTC and 2:00 pm UTC on the day of the attack.
Alex Lab stated that the wallets affected by the attack will receive an on-chain notification before June 8, including a customized claim form. Users must submit the completed form with a receiving wallet address before June 10.
The team said they will verify the submitted claims and distribute payments in USDC within seven days. Users who do not receive a form are urged to contact the team via email.
The team did not disclose the technical mechanisms behind the exploit, but they are expected to publish a post-mortem report.