💥 Alex Protocol Hit Again: $8.3M Drained in Major Bitcoin DeFi Exploit
🟠 Another day, another breach in Bitcoin DeFi. On June 6, Alex Protocol was exploited — again — losing $8.3 million after a vulnerability in its self-listing logic was abused. Pools were emptied. Tokens vanished.
🟠 The stolen stash?
• 8.4M STX
• 21.85 sBTC
• $149,850 in USDC/USDT
• 2.8 WBTC
One of the biggest security failures in the Stacks ecosystem yet.
🟠 The twist? This isn’t even the first time. Alex was previously hacked in May 2024 for $4.3M — that one linked to North Korea’s Lazarus Group. This time? Radio silence… but a post-mortem is "coming soon."
🟠 Alex Lab says users will be fully reimbursed in USDC, using treasury funds and a structured claim process:
Claims open: June 8
Submit by: June 10
Payouts: Promised within 7 days
🫰 Two multi-million dollar hacks in one year? That’s not bad luck — that’s bad security.
