TechFlow reports that Bitcoin DeFi platform ALEX Lab has released an update on its financial status and details regarding the recovery of stolen assets. It recently sold 3% of its tokens to raise 10 million USDC, with 7 million allocated to bounties or the Treasury Grant program, and the remaining funds designated for foundation operations, personnel expenses, marketing, security contracts, and legal fees.
Approximately 4 million STX were sent to 27 different exchanges, with around 1 million STX deemed unrecoverable. Additionally, 10 million STX are suspected to be held in several on-chain wallets, and the foundation is actively working to contact the relevant parties.
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