#MarketPullback
Coinbase fixes bugs, Alex Protocol suffers million-dollar hack and Hyperliquid challenges Binance.
Alex Protocol, a DeFi platform built on Bitcoin and the Stacks blockchain, was the victim of an exploit on June 6, resulting in the theft of more than USD 8.3 million in digital assets. The incident, one of the most serious in the Stacks ecosystem to date, was due to a vulnerability in the self-listing verification logic of the protocol.
The attacker managed to drain liquidity from multiple funds, stealing approximately 8.4 million STX tokens, 21.85 sBTC, almost 150,000 USDC, an undisclosed amount of USDT, and 2.8 WBTC.
In response, the Alex Lab Foundation, the entity backing the protocol, announced that it will fully reimburse affected users using its treasury. Payments will be made in USDC, calculated according to the average on-chain exchange rate during the attack.
Compromised wallets will receive an on-chain notification before June 8, along with a customized form that must be completed before June 10. Refunds will be processed within seven days following verification.
#TrumpTariffs #BinanceAlphaAlert #SouthKoreaCryptoPolicy #SouthKoreaCryptoPolicy
