Bitcoin DeFi project ALEX exploited again, aBTC and sBTC depeg
Just over a year after a suspected private key hack, “Bitcoin DeFi” platform ALEX Protocol has been exploited again, this time with losses estimated at $14 million. The team initially announced a security incident, following reports of a hack circulating on X, before later publishing a more detailed incident report. The project’s website remains “under maintenance.” Notice: Incident Report on Recent Exploit ALEX Protocol recently experienced an exploit that led to a partial loss of funds. We were able to detect and contain the attack early, minimizing further impact. The attacker exploited a flaw in verification logic in the self-listing… — ALEX 🟧 No. 1 Bitcoin DeFi (@ALEXLabBTC) June 6, 2025 Read more: At least $25M lost across three incidents in busy day for crypto hackers The report points to an issue with correctly identifying failed transactions on Stacks, a DeFi-focused layer two scaling solution for the Bitcoin network. This allowed the a...