Bitcoin DeFi Platform ALEX Lab Faces $8.3M Exploit, Plans Full USDC Reimbursement 🚨
ALEX Lab, a decentralized finance protocol based on Bitcoin, experienced a significant security breach on June 6, 2025. This exploit has resulted in a substantial loss of $8.3 million across several asset pools. The incident has brought to light critical vulnerabilities within the emerging Bitcoin-based DeFi sector. ALEX Lab has announced plans to fully reimburse the affected users in USDC to mitigate the impact of this breach.
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