by: xpoolPosted on:

ALEX Protocol Faces $8.37M Loss, Promises User Compensation Amidst Security Concerns

The ALEX protocol, a decentralized finance (DeFi) entity operating on the Stacks blockchain, has been hit by a major security breach that resulted in a loss of approximately $8.37 million. The incident stems from a vulnerability in its self-listing function, leading to an exploit and causing significant financial damage. ALEX Lab Foundation has pledged to fully compensate affected users through USDC. )

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