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Bitcoin decentralized finance (DeFi) platform ALEX Protocol has recently suffered an attack, losing $8.3 million in user funds. This represents the second exploit of the Stacks-based project in just over a year following a previous heist by the notorious North Korean Lazarus hackers group from North Korea.
ALEX Protocol Falls Victim To Self-Listing Verification Flaw
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In an X post on June 6, the development team behind the ALEX Protocol announced the DeFi project experienced an exploit due to a vulnerability in its self-listing verification logic i.e. a security mechanism meant to prevent unauthorized asset listings. A failure is this security system could potentially allow bad actors to introduce malicious, unauthorized or
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