Bitcoin DeFi protocol Alex Lab says North Korean hacking consortium Lazarus Group was likely responsible for an exploit that saw $4.3 million worth of crypto stolen in May.
After being exploited for $4.3 million in May, Alex Lab reveals they have since found “substantial transaction evidence” pointing the attack to North Korea’s Lazarus Group.
Bitcoin layer-2 developer Alex Lab believes the $4 million exploit it suffered in May is most likely linked to the notorious North Korean hacking consortium Lazarus Group.to X, Alex Lab drew attention to three wallet addresses hackers used on May 16 to drain funds from the Additionally, the team shared they collaborated with independent blockchain sleuth ZachXBT to compile the evidence required to link Lazarus to the exploit.The hackers also exploited around $13.7 million worth of the Stacks token however some of the exploited funds were sent to centralized exchanges and were subsequently frozen by the exchanges.
On June 20, Alex Lab shared the attacker had broadcasted more than 11,800 STX transactions, using several DeFi protocols and bridges including Arkadiko, Bitflow and Allbridge to offramp the stolen STX. At the time, the team shared the exploit involved hackers gaining access to the team’s private keys. However, the team assured users that the smart contracts of the Alex Protocol itself were never compromised.a 10% bounty for the return of 90% of the stolen funds and promised not to continue legal action if the funds were returned.protocol’s native ALEX token has slumped 10% in the last week and is down 47% over the last month. It is currently trading for $0.07.
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