Finance

Bitcoin DeFi Tool Alex Lab Loses $4.3M in Hack, Offers 10% Bounty for Stolen Funds

Security researchers CertiK said the attackers likely caught hold of a private key that controlled ALEX’s XLink bridge, a service that lets users transfer tokens between different blockchains. The hacker transferred over $300,000 worth of bitcoin (BTC), $3.3 million worth of stablecoins and $75,000 worth of Sugar Kingdom (SKO) tokens.

Source link: https://www.coindesk.com/business/2024/05/15/bitcoin-defi-tool-alex-lab-loses-43m-in-hack-offers-10-bounty-for-stolen-funds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines by Shaurya Malwa at www.coindesk.com