<ul><li>Bitcoin DeFi platform ALEX Protocol lost $8.3 million in a recent cyber attack due to a security flaw in its self-listing verification logic.</li><li>The hackers managed to drain various asset pools, taking away a total of $8,373,227.13 in different cryptocurrencies.</li><li>ALEX Protocol developers have announced a compensation plan to cover all user losses using the ALEX Lab Foundation Treasury.</li><li>All affected users should receive a private on-chain notification with a claim form to be submitted before the deadline for compensation.</li></ul>

Bitcoin DeFi Project ALEX Protocol Targeted In $8.3 Million Exploit

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