TechFlow news: Bitcoin DeFi platform ALEX announced the discovery of a vulnerability in the XLink bridge and has actively collaborated with exchanges, partners, and ecosystem contributors to resolve the situation.
The majority of funds linked to the hacker have been frozen by major exchanges, preventing further misuse. ALEX Labs has identified the party responsible for the recent security breach and proposed a resolution through a bounty arrangement. The ALEX team is offering 10% of the stolen funds as a bounty in exchange for the return of the remaining 90%. ALEX guarantees that no further legal action or law enforcement involvement will occur upon compliance with the terms. This offer remains valid until 08:00 UTC on May 18.
Earlier reports indicated that various tokens from the Bitcoin DeFi application ALEX Lab were stolen, amounting to over $4.3 million.
