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Bitcoin DeFi platform Hit by $8.3M Exploit, Promises Full USDC Reimbursement

  • Bitcoin DeFi platform ALEX Lab was hit by an $8.3M exploit involving STX, sBTC, USDC/USDT, and WBTC.
  • ALEX Lab Foundation has pledged full reimbursement in USDC to affected users based on on-chain exchange rates.
  • Claim process involves submitting a form by June 10, with verified users receiving reimbursement within 7 business days.
  • The incident highlights ongoing security concerns in Bitcoin DeFi protocols despite commitment to repayment.

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