ChainCatcher message, Alex Lab officially announced on social media an update regarding the theft incident, stating, "We are committed to transparency and user compensation. Starting from June 5, 2024, all ALEX's revenue will be used to compensate users affected by the hacking incident."Previously, ALEX Lab suffered an attack resulting in a loss of $4.3 million and promised to offer a 10% bounty to the hacker for the return of the stolen assets. Since then, they have recovered some of the stolen funds and are considering remedies for the affected users.

ChainCatcher message, Bitcoin DeFi platform ALEX Lab released a security incident update stating, "There is substantial transaction evidence indicating that this attack is related to the hacker organization Lazarus Group. We are actively collaborating with international law enforcement and cybersecurity experts to address the impact of this attack and recover lost assets. Alex Lab is implementing enhanced security protocols to strengthen the platform's ability to withstand similar threats.As the investigation progresses and recovery efforts continue, Alex Lab will provide regular updates."

ChainCatcher message, Bitcoin DeFi platform ALEX Lab released a security incident update on X: As of June 17 at 11 AM, the attacker has broadcasted over 9,700 transactions, involving the generation of new wallet addresses and then dispersing the on-chain STX balance to these new wallets. The number of traceable transactions has started to grow exponentially from 300 to over 9,600, and it has been accelerating with no signs of stopping. This also means that the number of the attacker's independent addresses has increased from fewer than 100 to over 4,700 in just 7 days. A small amount of STX has been transferred to thousands of new addresses, which were then sent to CEX.Most CEXs have fully cooperated with ALEX during the recovery process; however, the attacker realized this and quickly shifted to the sending addresses of the stolen funds on CEX. The currently traceable amount of STX deposited into CEX is 8,373,587 STX, and the attacker's current on-chain balance is approximately 5,560,332 STX (calculated based on wallet balances exceeding 100 STX).

ChainCatcher message, the Bitcoin DeFi platform ALEX Lab announced on platform X that all ALEX pools are now open, including GUS, MEGA, LONG, NOT, PEPE, MAX, STX, DIKO, and USDA pools. The ALEX Lab Foundation has restored liquidity.

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.

ChainCatcher news, Alex Labs officially released an update on the theft incident on social media, stating that based on their investigation results and discussions with security partners, it seems unlikely that the attackers will negotiate. Therefore, Alex Labs will continue to work with law enforcement to seek support for recovering and tracking the attackers.The official statement indicated that the current priority is to recover a total of 13.7 million STX and to develop a financial allocation plan to support the affected users. Details of the plan will be announced soon.

According to ChainCatcher news, on May 16, the Alex Labs team announced on social media that the Bitcoin Layer 2 developer Alex Labs has successfully frozen over $3.9 million worth of cryptocurrency that was exploited from its BNB Chain bridge. The post stated that the attacker sent the funds to several different centralized exchanges (CEX), and with the cooperation of the exchanges, the funds were frozen.

ChainCatcher news, Bitcoin decentralized finance tool Alex Lab has released an update on the attack incident, stating that 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. A portion of the stolen funds has been identified and is being recovered from a CEX. The team is actively collaborating with other CEXs through the necessary processes to facilitate the return of more funds. To further recover the stolen funds, we are prepared to file a police report, and if the attacker does not cooperate with us in a timely manner, we will seek police support to assist in the recovery of the funds.So far, all aBTC, sUSDT, xBTC, xUSD, ALEX, atALEX, LiSTX, LUNR, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20, and STXS have been recovered. The smart contract code and infrastructure of ALEX have not been compromised.Alex Lab also stated that due to the uncertainty of recovering all stolen funds, they are evaluating the use of ALEX reserves held by the Alex Lab Foundation to fund a treasury grant program to support the community affected by this attack during this difficult time. Additionally, they are considering the possibility of proposing a SIP to the Stacks community to burn STX held in wallets that have not recovered stolen funds and to mint new STX for affected community members.Previous news, the 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 resolve the situation.

ChainCatcher news, Bitcoin financial layer solution ALEX Labs has received a strategic investment from LK Venture under Blue Harbor Interactive through the Bitcoin network ecological investment management fund BTC NEXT, with the investment amount undisclosed.ALEX Labs, established in 2021, is a DeFi protocol built for Bitcoin and BRC-20 tokens, focusing on the next generation of Bitcoin users, innovators, and the broader ecosystem.

ChainCatcher news, Hong Kong listed company Blueport Interactive (08267.HK) under the crypto investment and research institution LK Venture announced a strategic investment in the one-stop DeFi service platform ALEX Lab through the Bitcoin network ecological investment management fund BTC NEXT.According to the crypto data platform RootData, ALEX Labs is a Bitcoin DeFi platform based on the Stacks blockchain. It has now become a DeFi protocol built on Bitcoin and BRC-20 tokens, focusing on the next generation of Bitcoin users, innovators, and the broader ecosystem.