Alex Lab has reported a major hack that resulted in the theft of $4,400 million linked to North Korean hacker group Lazarus, based on the Bitcoin DeFi protocol.
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#Alex Lab has reported a major hack that resulted in the theft of $4,400 million linked to North Korean hacker group Lazarus, based on the #ЛюбимыйТокен #ЛюбимыйТокен protocol.
Alex Lab, a Bitcoin-based DeFi platform, recently revealed new details about the massive hack that occurred on May 5. In the hack, an attacker used a phishing attack to obtain a private key and gain full access to funds stored in 1 of the vaults.
Among the compromised assets were aBTC, sUSDT, XBTC, xUSD, ALEX, atalex, ListX, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20 and STXS. However, the platform showed that its underlying smart contracts and infrastructure were not compromised.
After gaining control, the attackers immediately transferred about 1,370 million #STX , of which 300 million were sent to centralized exchanges (CEX) such as #Binance and Kraken. Despite attempts to recover most of the funds, about $4,400 million is still being sought and is not guaranteed to be fully recovered.
The study found that attackers made about 1 in 10,000 transactions per month, sending STX tokens to various new addresses and then to CEX. By 6/24, 830 million STX had been withdrawn to CEX, making it difficult to recover the 550 million STX remaining in the chain.
Forensic analysis conducted by the ZachXBT cryptodetector found significant evidence linking the attack to the Lazarus group, a known North Korean hacking organization. The analysis traced transactions from the original exploit to addresses associated with Lazarus group activity, confirming their involvement.
The disclosure prompted Alex Lab to intensify its collaboration with law enforcement and cybersecurity experts, including the Singapore Police Force, to recover stolen assets and address the broader implications.
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