๐ด ๐๐๐๐๐๐ [๐๐๐] ๐๐๐๐ ๐๐% ๐๐ ๐๐๐ $๐.๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐
โ ๐๐ก๐๐ญ ๐ก๐๐ฉ๐ฉ๐๐ง๐๐?
A major hack hit Alex Protocol, a top DeFi app on the Stacks blockchain, causing $8.3M in losses. The attacker used a bug in the platformโs code to drain liquidity from several pools.
๐ธ Assets stolen:
8.4M STX
21.85 sBTC
$149K in USDC/USDT
2.8 Wrapped BTC
This hack has badly shaken trust in the Stacks ecosystem.
๐ ๐๐๐ ๐๐ซ๐ข๐๐ ๐๐ซ๐๐ฌ๐ก๐๐ฌ
The news triggered a sharp selloff in STX:
๐ป Down 1.3% in 24h
๐ป Down 9.6% in 7 days
๐ป Down 31.1% in 30 days
Current price: $0.65
๐ก๏ธ ๐๐จ๐ฐ ๐๐ฅ๐๐ฑ ๐๐ซ๐จ๐ญ๐จ๐๐จ๐ฅ ๐ข๐ฌ ๐ซ๐๐ฌ๐ฉ๐จ๐ง๐๐ข๐ง๐ :
Alex Lab said it will fully refund affected users in USDC using its treasury.
๐น Reimbursement details:
Based on average prices from June 6 (10:00โ14:00 UTC)
Claim forms sent by June 8
Submissions close June 10
Refunds sent within 7 days after verification
โ ๏ธ ๐๐จ๐ญ ๐ญ๐ก๐ ๐๐ข๐ซ๐ฌ๐ญ ๐ก๐๐๐ค
In May 2024, Alex was also hit by a $4.3M hack, linked to North Koreaโs Lazarus Group. Recovery from that attack is still unclear.
๐ ๐๐ข๐ฅ๐ฅ ๐๐๐ ๐ซ๐๐๐จ๐ฏ๐๐ซ?
Despite this, analysts believe STX could recover to $0.89 in 2025, if user trust returns and the ecosystem strengthens.