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ALEX Lab

avoid.net/alex→28/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·23SSWp…TCct

Summary

ALEX (Automated Liquidity Exchange) is a decentralized finance protocol built on the Stacks blockchain, designed to bring DeFi capabilities to Bitcoin. The protocol has suffered two major security exploits: a $4.3 million hack in May 2024 attributed to North Korea's Lazarus Group via a private key compromise of its XLink bridge, and an $8.3 million exploit in June 2025 caused by a smart contract access control vulnerability. In both cases, ALEX Lab Foundation pledged full user reimbursement, though partial recovery of 2024 stolen funds remained ongoing as of mid-2025, and the native ALEX token has declined approximately 99.9% from its all-time high.

Connected Entities

2 entities · 1 linked investigation
Organizations
□ALEX Lab□ALEX
Relationships
  • + 1 more
Also appears in
ALEX Lab·24

Connected Through

1 shared actor · 1 investigation

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about ALEX Lab?

Timeline(9 events)

15 November 2021

ALEX raises $5.8 million in funding round led by White Star Capital

17 January 2022

ALEX launches mainnet on the Stacks blockchain

14 May 2024

XLink bridge private key compromised via alleged phishing attack; CertiK detects suspicious transaction

15 May 2024

ALEX Lab confirms $4.3 million exploit; offers 10% bounty for return of 90% of stolen funds; files Singapore Police report

18 May 2024

10% bounty deadline passes; ALEX Lab reports $3.9 million frozen at centralized exchanges

25 June 2024

ALEX Lab attributes May 2024 exploit to North Korea's Lazarus Group, citing ZachXBT's on-chain forensic investigation

6 June 2025

Second major exploit: $8.3 million drained via smart contract access control vulnerability in self-listing logic; ALEX token drops ~45%

17 June 2025

ALEX Lab Foundation announces completion of Treasury Grant Program; claims 100% USDC reimbursement to all affected users

July 2025

Farming resumed on ALEX protocol following security review

Provenance & Audit Trail
Anchored on SolanaVerify on-chain17 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 17 of 23 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:32 AM

last updated: 8/30/2026, 1:16:27 AM

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