Alex Lab: Some of the stolen funds have been recovered and will continue to be tracked. Remedial measures are being considered for affected users
2024-05-16 09:45
Odaily News Bitcoin DeFi application Alex Lab released an update on the attack: About the affected assets: The attacker conducted a targeted attack and took over the administrator privileges of a vault associated with the ALEX liquidity pool, affecting all assets in it, including approximately 13.7 million STX, of which approximately 3 million were sent to various CEXs, and the amount is still increasing, while the balance remains in several wallets. So far, the team has recovered all aBTC, sUSDT, xBTC, xUSD, ALEX, atALEX, LiSTX, LUNR, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20 and STXS. ALEX's smart contract code and infrastructure have not been compromised. About monitoring and actions: The team is closely monitoring the attacker's wallet and has notified all relevant CEXs. All known CEX accounts associated with the attacker have been frozen. In addition, all these exchanges have been asked to stop all deposit and withdrawal functions until further notice. About fund recovery: The team has identified a portion of the stolen funds and is recovering them from a CEX. At the same time, we are actively working with other CEXs to facilitate the return of more funds through the necessary processes. Regarding legal measures: In order to further recover the stolen funds, the team is preparing to submit a police report. If the attacker does not cooperate in a timely manner, the police will be supported to assist in the fund recovery. In order to further monitor the attacker's actions and prevent any further fund transfers, current forensic data is being shared with all relevant CEXs. Officials also stated that since there is no guarantee that all stolen funds can be recovered, they are evaluating the use of the ALEX reserves held by the Alex Lab Foundation to fund a treasury grant program to support the community affected by the attack. Yesterday, it was reported that ALEX Lab lost $4.3 million in an attack and promised to provide hackers with a 10% bounty to return the stolen assets.
Download Odaily App
Let Some People Understand Web3.0 First
