Coinbase corrects errors, Alex Protocol suffers million-dollar hack and Hyperliquid challenges Binance Alex Protocol, a DeFi platform built on Bitcoin and the Stacks blockchain, was the victim of an exploit on June 6, resulting in the theft of over USD 8.3 million in digital assets. The incident, one of the most serious in the Stacks ecosystem to date, was due to a vulnerability in the self-listing verification logic of the protocol. On June 6, 2025, ALEX Protocol was exploited via a flaw in the self-listing verification logic (an on-chain limitation on Stacks). As a result, the attacker drained several asset pools, with the breakdown of lost assets as follows:

STX: 8,403,867.57 STX → $ 5,691,255.93

sBTC:…