Alex Labs: Has launched a vulnerability recovery program

2024-05-30 21:31:49

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ChainCatcher news, according to Cointelegraph, Bitcoin Layer2 developer Alex Labs has announced its roadmap to restore community trust and restart its platform operations following recent violations. The Alex Labs Foundation is conducting two governance votes, including reopening the funding pool and planning the launch of its native token and the migration of its automated market maker (AMM).

In response to the recent hacking incident, the foundation has taken measures to enhance security to prevent future attacks. These measures include collaborating with Kaamel Technology to "investigate the incident," incorporating new smart contract-based multi-signature security audits, and working with legal entities to recover the remaining stolen funds. The governance vote will conclude at 23:30 Beijing time on June 2, and will determine the future management of the user funds that have been found, frozen, and recovered.

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