On June 6, 2025, the DeFi platform ALEX Lab, operating on the Stacks blockchain, suffered a hacking attack that resulted in the theft of assets totaling $8.3 million. According to data from X, the attacker exploited a vulnerability in the self-listing logic, allowing them to withdraw 8.4 million STX, 21.85 $BTC , 149,850 USDC/USDT, and 2.8 WBTC. This is the second major breach of the platform in two years, following the attack in May 2024 for $4.3 million.
The ALEX Lab Foundation announced full compensation for the losses of affected users in $USDC , using funds from its own reserves. Compensation will be calculated based on the average exchange rates from 10:00 to 14:00 UTC on the day of the attack. Users will receive notifications by June 8 with application forms that must be submitted by June 10. Payments are planned to be made within seven working days after verification.
The platform collaborates with law enforcement agencies and exchanges to freeze stolen assets. Although the technical report on the hack has not yet been published, ALEX Lab is working on enhancing security. Stay tuned for updates on #MiningUpdates
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