ALEX announced they would reimburse stolen user funds.
This is the second exploit affecting ALEX Labs, after a thief stole around $2 million in May 2024.
ALEX Lab exploited again
ALEX Lab lost $8.3 million in various currencies after an attacker exploited a flaw in the project's smart contracts that allowed them to create a malicious token. They drained a number of pools on the protocol, amounting to around $8.3 million.