đAltcoin Developers Announce Compensation After Huge Losses to Investors
đ Alex Lab, a prominent DeFi platform, has announced a major initiative to compensate users affected by a recent hack. Following a cyberattack in May, where $4.3 million was lost, Alex Lab has committed all future revenues to refund those impacted starting June 5, 2024.
In response to the breach, Alex Lab initially offered a 10% reward for recovery efforts and successfully froze the stolen funds on major exchanges. Security experts identified the attack as targeting ALEXâs XLink bridge, facilitating token transfers across blockchains.
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This proactive approach underscores Alex Labâs commitment to transparency and user security in the DeFi space. Stay informed as they navigate this recovery process. đĄïž
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