Alex Lab: Attackers appear unlikely to negotiate and will continue to cooperate with law enforcement

PANews reported on May 17 that Bitcoin decentralized finance (DeFi) tool Alex Lab released an update on the attack: Based on investigation results and discussions with security partners, it seems unlikely that the attacker will negotiate. As such, we will continue to work with law enforcement to seek their support in recovering and tracking the attackers. This is a crucial step in the funds recovery process.

Additionally, Alex Lab is deploying ALEX reserves held by the Alex Lab Foundation to fund financial grant programs to support communities affected by this attack. Since the last update, the following assets have been managed to be recovered: Leo, Gus, Play, Long, Not, Pepe, Max, Ethereum, Fast, Mick, Wif, Diko, aeUSDC, aeWBTC, Mega, Vibes, GoatSTX, Mooneeb, Pomboo, Hashiko, Parker, Runestone, Pikachu, Nakamoto, Rock, Wsbtc. The first priority is to recover a total of 13.7 million STX and develop a treasury funding program to support affected users.

According to previous news on May 15, Alex Lab was recently attacked by hackers and lost US$4.3 million.