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ALEX Lab

avoid.net/alex→28/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·23SSWp…TCct

Summary

ALEX (Automated Liquidity Exchange) is a decentralized finance protocol built on the Stacks blockchain, designed to bring DeFi capabilities to Bitcoin. The protocol has suffered two major security exploits: a $4.3 million hack in May 2024 attributed to North Korea's Lazarus Group via a private key compromise of its XLink bridge, and an $8.3 million exploit in June 2025 caused by a smart contract access control vulnerability. In both cases, ALEX Lab Foundation pledged full user reimbursement, though partial recovery of 2024 stolen funds remained ongoing as of mid-2025, and the native ALEX token has declined approximately 99.9% from its all-time high.

Connected Entities

2 entities · 1 linked investigation
Organizations
□ALEX Lab□ALEX
Relationships
  • + 1 more
Also appears in
ALEX Lab·24

Connected Through

1 shared actor · 1 investigation

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about ALEX Lab?

Timeline(9 events)

2021-11-15

ALEX raises $5.8 million in funding round led by White Star Capital

2022-01-17

ALEX launches mainnet on the Stacks blockchain

2024-05-14

XLink bridge private key compromised via alleged phishing attack; CertiK detects suspicious transaction

2024-05-15

ALEX Lab confirms $4.3 million exploit; offers 10% bounty for return of 90% of stolen funds; files Singapore Police report

2024-05-18

10% bounty deadline passes; ALEX Lab reports $3.9 million frozen at centralized exchanges

2024-06-25

ALEX Lab attributes May 2024 exploit to North Korea's Lazarus Group, citing ZachXBT's on-chain forensic investigation

2025-06-06

Second major exploit: $8.3 million drained via smart contract access control vulnerability in self-listing logic; ALEX token drops ~45%

2025-06-17

ALEX Lab Foundation announces completion of Treasury Grant Program; claims 100% USDC reimbursement to all affected users

2025-07-01

Farming resumed on ALEX protocol following security review

Provenance & Audit Trail
Anchored on SolanaVerify on-chainsrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:32 AM

last updated: 5/28/2026, 4:23:28 AM

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