Bitcoin DeFi Tool Alex Lab Loses $4.3M in Hack, Offers 10% Bounty for Stolen Funds
Security experts from CertiK have confirmed that attackers were able to access a private key that controlled ALEX’s XLink bridge, a feature that allows users to transfer tokens across various blockchains. The hacker successfully transferred over $300,000 in bitcoin, $3.3 million in stablecoins, and $75,000 in Sugar Kingdom tokens.