Bitcoin DeFi project ALEX has announced the completion of its asset recovery efforts following a significant exploit. The project confirmed that legal issues have been resolved and no further recoveries are anticipated. Approximately 1.6 million STX assets remain unclaimed in the TGP treasury, with details available for eligible users. The attacker's wallet has shown no transaction activity since the incident. ALEX Lab Foundation plans to submit a governance proposal within two weeks to discuss future actions. The exploit, which occurred on June 6, 2025, involved a vulnerability in ALEX Protocol's self-listing feature, resulting in losses of approximately $8.37 million.
ALEX Completes Asset Recovery, Plans Governance Proposal for Next Steps
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