Bitcoin DEFI tool ALEXLab confirms $4.3 million loss from attack

BlockBeats news, on May 15, according to CoinDesk, Bitcoin DEFI tool ALEXLab confirmed that it had lost $4.3 million in an attack, and the official said that the identity of the attacker had been confirmed.

Security research organization CertiK said that the attacker may have mastered the private key that controls ALEX's XLink bridge, a service that allows users to transfer tokens between different blockchains. The hacker transferred more than $300,000 worth of Bitcoin, $3.3 million worth of stablecoins, and $75,000 worth of Sugar Kingdom (SKO) tokens.

BlockBeats previously reported that earlier today ALEX informed the community that it was aware of the attack, and the ALEX team proposed a reward of 10% of the total stolen funds to require the hacker to return 90% of the assets.