DeFi

Bitcoin

ALEX Lab

Strike

Million

<p>The post <a href="https://coinpedia.org/crypto-live-news/alex-lab-loses-4-3-million-in-tokens-defi-hackers-strike/" rel="noopener noreferrer nofollow">ALEX Lab Loses $4.3 Million in Tokens: DeFi Hackers Strike</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Bitcoin DeFi application ALEX Lab lost $4.3 million in various tokens early Wednesday. According to security researchers at CertiK, the attackers gained control of a private key that managed ALEX’s XLink bridge, which allows users to transfer tokens between blockchains. The hacker transferred over $300K worth of BTC, $3.3 million worth of stablecoins, and $75K worth of SKO tokens. ALEX developers claim to know the attacker’s identity and have offered them a 10% bounty for the return of 90% of the stolen funds, assuring no law enforcement action upon compliance. Major exchanges have frozen funds associated with the hacker.</p>

ALEX Lab Loses $4.3 Million in Tokens: DeFi Hackers Strike

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