Jun 9, 08:01 PM

ALEX Lab to Reimburse Users After $8.3 Million June 6 DeFi Exploit Draining STX, sBTC, aUSD, aBTC

The Bitcoin DeFi protocol ALEX Lab suffered a security exploit on June 6, 2025, resulting in the unauthorized removal of digital assets totaling over $8.3 million. The attack exploited a flaw in the protocol's programming logic, draining assets from multiple liquidity pools, including 8,403,867.57 STX, 21.85 sBTC, 149,850 aUSD, and 2.8 aBTC. This marks the second major security breach for ALEX Lab, following a leaked key incident the previous year. The project has committed to reimbursing affected users fully from its treasury, with individual notifications planned and a reimbursement deadline set for June. The incident highlights ongoing security challenges within DeFi protocols, as complexity and vulnerabilities continue to expose projects to sophisticated attacks.

#Bitcoin DeFi #ALEX Lab #DeFi

Written with ChatGPT (GPT-4).

Sources

Halborn@HalbornSecurity
1 year ago
📺 The Abracadabra Money hack serves as a cautionary tale of how complexity within a DeFi protocol can introduce additional security risks 🔓 In this case, hackers exploited state tracking errors to steal an estimated $13 million 😱 🔎 How could this happen? 🤔 We decypher 👇 https://t.co/IiFsaiNtRz
Unchained@Unchained_pod
1 year ago
ICYMI: Alex Lab to Reimburse Users After $8.3M Exploit https://t.co/SjN3sqbwYD
Rekt News@RektHQ
1 year ago
Over $16 million drained by a fake token that tricked their vaults using their own permissions. @ALEXLabBTC got rekt - again. Last year it was a leaked key, this time it’s bad logic. Two exploits, two attack vectors - same protocol, still not learning. Story in comments. https://t.co/ZL6ILHIE27

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