Cointelegraph
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Bitcoin DeFi platform Alex Protocol loses $8.3M to exploit 💥
Alex Protocol, a decentralized finance platform built on Bitcoin, has experienced a significant security breach resulting in a loss of $8.3 million. The platform's operator, Alex Lab Foundation, has announced plans to fully reimburse affected users. Compensation will be issued in USDC, following a structured claims process.
This move aims to mitigate the impact of the exploit and restore user trust. The breach highlights ongoing vulnerabilities within DeFi platforms, making security a top priority for the industry.
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