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Alex Lab: Some of the stolen funds have been recovered and are still being tracked, and mitigation measures are being considered for affected communi

Alex Lab: Some of the stolen funds have been recovered and are still being tracked, and mitigation measures are being considered for affected communi

CointimeCointime2024/05/16 09:28
By:Cointime

DeFi tool Alex Lab released an update on the attack incident. Regarding the affected assets, the attacker carried out a targeted attack, taking over the administrator privileges of a treasury related to the ALEX liquidity pool, affecting all assets in the treasury, including approximately 13.7 million STX, of which about 3 million STX were sent to various CEXs, and this amount is still increasing, with the balance being held in several wallets. So far, all aBTC, sUSDT, xBTC, xUSD, ALEX, atALEX, LiSTX, LUNR, SKO, CHAX, B20, ORDG, ORMM, ORNJ, TRIO, TX20, and STXS have been restored. The smart contract code and infrastructure of ALEX were not compromised.Regarding monitoring and action, the attacker's wallets are being closely monitored, and all relevant CEXs have been notified. All known CEX accounts related to the attacker have been frozen. In addition, all these exchanges have been requested to stop all deposit and withdrawal functions until further notice. Regarding fund recovery, a portion of the stolen funds has been identified and is being recovered from a CEX. We are actively working with other CEXs to facilitate the return of more funds through necessary processes. Regarding legal measures, in order to further recover the stolen funds, we are preparing to submit a police report. If the attacker does not cooperate in a timely manner, we will receive support from the police to assist in the fund recovery work. To further monitor the attacker's actions and prevent any further fund transfers, current forensic data is being shared with all relevant CEXs.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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