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News Explorer — ALEX Lab Lost $4.3 Million in Tokens After a Suspected Private Key Compromise

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May 15, 7:51 am

Coindesk

ALEX Lab Lost $4.3 Million in Tokens After a Suspected Private Key Compromise

ALEX Lab, a Bitcoin DeFi application, lost over $4.3 million in tokens due to a suspected private key compromise. The attackers gained control of ALEX's XLink bridge, allowing them to transfer tokens between blockchains. The hacker stole $300,000 worth of bitcoin, $3.3 million worth of stablecoins, and $75,000 worth of Sugar Kingdom tokens.

ALEX Lab, a Bitcoin DeFi application, lost over $4.3 million in tokens due to a suspected private key compromise. The attackers gained control of ALEX's XLink bridge, allowing them to transfer tokens between blockchains. The hacker stole $300,000 worth of bitcoin, $3.3 million worth of stablecoins, and $75,000 worth of Sugar Kingdom tokens.

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