by: xpoolPosted on:

Alex Protocol to Reimburse $8.3M Exploit in USDC

The Alex Protocol has suffered a $8.3 million exploit, triggering the launch of a comprehensive compensation strategy using USDC. The Alex Lab Foundation, responsible for the protocol’s operation on the Stacks blockchain, will fully reimburse affected users through this process. This incident follows similar events in the crypto space, illustrating the recurring need for robust security measures and a proactive approach to user trust recovery.

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