Alex Lab is a well-known Bitcoin DeFi protocol based on the Stacks blockchain. On June 6, it experienced a major security vulnerability, resulting in the theft of approximately 8.30 million USD in digital assets. The attacker exploited a flaw in the protocol's self-listing verification logic, successfully extracting liquidity from multiple asset pools. Alex Lab has announced that it will compensate affected users.

<p><img>Alex Lab, a prominent Bitcoin DeFi protocol built on the Stacks blockchain, suffered a major security breach on June 6, resulting in the loss of around $8.3 million of digital assets.&nbsp; The attacker exploited a vulnerability in the protocol’s self-listing verification logic, allowing them to drain liquidity from several asset ...</p>
<p>The post <a href="https://unchainedcrypto.com/alex-lab-to-reimburse-users-after-8-3m-exploit/">Alex Lab to Reimburse Users After $8.3M Exploit</a> appeared first on <a href="https://unchainedcrypto.com">Unchained</a>.</p>

Alex Lab suffered a security breach resulting in a loss of 8.30 million USD and has promised to compensate users.