ALEX Protocol Suffers $8 Million Loss Due to Security Vulnerability

The ALEX protocol has incurred a significant financial loss exceeding $8 million due to a security flaw. A vulnerability in its self-listing logic, which failed to perform compatibility checks for unsuccessful transactions, was exploited by malicious actors. This resulted in the transfer of funds from the liquidity pool. Notably, SlowMist founder Yu Jian recalls a similar incident last year on May 25th, where a private key leak caused losses in the millions.