Bitcoin layer-2 developer Alex Lab suspects that the $4 million exploit it encountered in May is connected to the infamous North Korean hacking group Lazarus Group. In a post on June 25, Alex Lab highlighted three wallet addresses used by hackers to drain funds from a Bitcoin-based DeFi protocol. The team collaborated with blockchain investigator ZachXBT to gather evidence linking Lazarus to the exploit. The attackers targeted the BNB Smart Chain bridge, stealing $4.3 million and $13.7 million worth of Stacks (STX) tokens. Despite some funds being frozen by exchanges, the hackers managed to offramp a significant amount. Alex Lab offered a 10% bounty for the return of stolen funds but received no response. The ALEX token's price has dropped by 10% in the past week and 47% in the last month, currently trading at $0.07. Read more AI-generated news on: https://app.chaingpt.org/news