The Bitcoin DeFi platform Alex proposed to offer 10% of the stolen funds as a reward in exchange for the return of 90% of the assets

2024-05-15 16:11:33

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ChainCatcher news, Bitcoin DeFi platform Alex announced the discovery of a vulnerability in the XLink bridge and has actively collaborated with exchanges, partners, and ecosystem contributors to address the situation.

Most of the funds related to the hacker have been frozen by major exchanges to prevent further abuse. ALEX Labs has identified the responsible party for the recent security breach and has proposed a bounty arrangement to resolve the issue. The ALEX team proposed a 10% bounty on the stolen funds in exchange for the return of 90% of the assets. ALEX guarantees that there will be no further pursuit or involvement of law enforcement after compliance with the conditions. This proposal is valid until May 18 at 08:00 UTC.

Previously, it was reported that various tokens from the Bitcoin DeFi application ALEX Lab were stolen, amounting to over $4.3 million.

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Alex fund theft reward

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