Alex Protocol: 'Hackers' Funds Frozen, Requesting Return of Stolen Funds

IconCNT15 May, 2024

cryptonews.jpg

Alex Protocol: 'Hackers' Funds Frozen, Requesting Return of Stolen Funds

Alex Protocol, which suffered a bridge exploit, said through X that "We are currently working with exchanges, partners, and ecosystem contributors to resolve the situation. A significant amount of funds associated with the attacker have been frozen by major exchanges." The Alex team added, "We would like to offer a 10% reward for the return of the stolen funds, with the condition that 90% of the stolen assets are returned. If this is followed, there will be no additional tracking or legal action. This proposal is valid until May 18, 5 PM (KST)." Earlier, blockchain security firm Certik reported that suspicious abnormal transactions worth $4.3 million were detected after a sudden contract upgrade on the Alex Protocol bridge. ```

Related News