The Block
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Stacks-based Alex Lab to reimburse users after $8.3 million exploit as token drops 45% 💥
Alex Lab, a Stacks-based project, has experienced its second major exploit in two years, leading to a significant $8.3 million loss.
In response, the company has committed to reimbursing affected users. This financial setback has triggered a 45% drop in the value of its token.
The recovery process for last year’s incident is still ongoing, indicating ongoing challenges for Alex Lab in stabilizing its operations.
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