The Bitcoin DeFi platform Alex Protocol loses $8.3 million due to exploit.

Alex Protocol stated that the breach was caused by a vulnerability in its self-listing verification logic. The attacker exploited the flaw to drain liquidity from several asset funds.

The Bitcoin DeFi platform reported that the attackers stole approximately 8.4 million Stacks (STX) tokens, 21.85 Stacks Bitcoin (sBTC), 149,850 in USDC

and USDt (USDT), and 2.8 Wrapped Bitcoin

WBTC. The incident is one of the largest exploits in the Stacks ecosystem to date.

In response to the incident, the Alex Lab Foundation, the organization supporting the protocol, committed to fully reimbursing the affected users using its treasury reserves.