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{"actor":"system:backfill","investigation_id":"de5ce8c2-e704-4380-9344-7a58d9ebba45","kind":"publish","page_slug":"alex","published_at":"2026-05-28T04:23:28.566Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"ALEX Lab","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.businesswire.com/news/home/20220117005119/en/Full-Service-Bitcoin-DeFi-Platform-ALEX-Launches-Mainnet-on-Stacks","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/86082/stacks-based-crypto-project-alex-raises-5-8m-build-defi-bitcoin","type":"other","url":""},{"credibility":3,"name":"https://whitestarcapital.com/companies/alex/","type":"other","url":""},{"credibility":3,"name":"https://www.gate.io/learn/articles/what-you-should-know-about-alex-lab/3416","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/business/2024/05/15/bitcoin-defi-tool-alex-lab-loses-43m-in-hack-offers-10-bounty-for-stolen-funds","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/alex","type":"other","url":""},{"credibility":3,"name":"https://rekt.news/alexlab-rekt","type":"other","url":""},{"credibility":3,"name":"https://coinfomania.com/alex-labs-confirms-major-security-breach-suspends-platform-operations-and-launches-full-investigation-into-multi-asset-hack","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/alex-labs-freezes-3-9-million-exploited-funds-cexs-after-hack","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptonews.com/news/alex-lab-links-4m-exploit-to-north-korea-backed-lazarus-group/","type":"other","url":""},{"credibility":3,"name":"https://cryptoslate.com/bitcoin-defi-app-alex-lab-links-4-million-exploit-to-lazarus-group/","type":"other","url":""},{"credibility":3,"name":"https://www.cryptotimes.io/2024/06/25/alex-lab-uncovers-lazarus-groups-role-in-4-million-exploit/","type":"other","url":""},{"credibility":3,"name":"https://invezz.com/news/2024/06/25/defi-protocol-alex-labs-suspects-lazarus-groups-involvement-in-4m-hack/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-alex-protocol-hack-june-2025","type":"other","url":""},{"credibility":3,"name":"https://www.cryptotimes.io/2025/06/07/alex-protocol-loses-8-37m-in-hack-due-to-security-flaw/","type":"other","url":""},{"credibility":3,"name":"https://negg.blog/en/alex-protocol-loses-83-million-in-defi-bitcoin-exploit-on-stacks/","type":"other","url":""},{"credibility":3,"name":"https://www.guardrail.ai/blog/alex-protocol-hack-june-2025","type":"other","url":""},{"credibility":3,"name":"https://unchainedcrypto.com/alex-lab-to-reimburse-users-after-8-3m-exploit/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.theblock.co/post/357368/stacks-based-alex-lab-to-reimburse-users-after-8-3-million-exploit-as-token-drops-45","type":"other","url":""},{"credibility":3,"name":"https://crypto.news/alex-protocol-announces-reimbursement-plan-for-users-hit-by-8m-exploit/","type":"other","url":""},{"credibility":3,"name":"https://medium.com/alexgobtc/distribution-of-alex-protocol-revenue-and-recovered-stx-35c8e359b874","type":"other","url":""},{"credibility":3,"name":"https://unchainedcrypto.com/alex-lab-to-reimburse-users-after-8-3m-exploit/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://coinmarketcap.com/currencies/alex-lab/","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/alex-lab","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.certik.com/resources/blog/alex","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-alex-protocol-hack-june-2025","type":"other","url":""},{"credibility":3,"name":"https://rekt.news/alexlab-rekt","type":"other","url":""}]}],"sources_used":[],"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.","timeline":[{"date":"2021-11-15","event":"ALEX raises $5.8 million in funding round led by White Star Capital","source":""},{"date":"2022-01-17","event":"ALEX launches mainnet on the Stacks blockchain","source":""},{"date":"2024-05-14","event":"XLink bridge private key compromised via alleged phishing attack; CertiK detects suspicious transaction","source":""},{"date":"2024-05-15","event":"ALEX Lab confirms $4.3 million exploit; offers 10% bounty for return of 90% of stolen funds; files Singapore Police report","source":""},{"date":"2024-05-18","event":"10% bounty deadline passes; ALEX Lab reports $3.9 million frozen at centralized exchanges","source":""},{"date":"2024-06-25","event":"ALEX Lab attributes May 2024 exploit to North Korea's Lazarus Group, citing ZachXBT's on-chain forensic investigation","source":""},{"date":"2025-06-06","event":"Second major exploit: $8.3 million drained via smart contract access control vulnerability in self-listing logic; ALEX token drops ~45%","source":""},{"date":"2025-06-17","event":"ALEX Lab Foundation announces completion of Treasury Grant Program; claims 100% USDC reimbursement to all affected users","source":""},{"date":"2025-07-01","event":"Farming resumed on ALEX protocol following security review","source":""}]},"v":1}