**Alex Labs prevented a $3.9 million cryptocurrency theft*
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**Alex Labs prevented a $3.9 million #cryptocurrency theft**
#Alex Labs recently experienced a phishing attack in which the attacker gained access to private keys and transferred stolen funds to various centralized exchanges (CEX). However, thanks to a quick response and close cooperation with the exchanges, the accounts associated with the attacker were immediately frozen, keeping the assets safe.
Alex Labs Foundation Freezes Assets
The Alex Labs Foundation, which was the victim of this attack, was able to respond quickly and take appropriate action. As a result, over $3.9 million in assets were frozen on various centralized exchanges. The Alex Labs team worked closely with the exchanges and cybersecurity expert Jane Doe to ensure the funds were recovered.
The key to success was collaboration
Jane Doe, a cybersecurity expert, said the quick action and collaboration between Alex Labs and the exchanges was critical to successfully preventing the theft. Prompt detection of the attack helped minimize the damage and freeze the accounts associated with the attacker.
Recent update: Alex Labs team continues to work on asset recovery
The ALEX pool administrator, upon detecting the hack, immediately created a vault and took ownership of assets equivalent to 13.7 million #STX tokens, thus protecting them from further theft. All of the attacker's accounts on centralized exchanges were frozen.
The Alex Labs team is closely monitoring all wallets associated with the attacker and is working closely with authorities to recover the funds. Alex Labs spokesperson, Mary Johnson, confirmed that the company has filed a police report and is working hard to locate and recover the stolen assets.
Message to the Community
Alex Labs would like to thank everyone involved in preventing the theft and freezing the assets.
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