Alex Lab, a Bitcoin-based DeFi protocol, revealed new details about the hack it suffered in May. The project announced it had potentially identified the attacker with the help of a blockchain sleuth while the police continued to investigate the incident.
DeFi Protocol Loses Millions To Phishing Attack
On May 15, the Alex Lab Foundation fell victim to an exploit that took millions in users’ funds. The DeFi protocol unveiled that the attacker obtained private keys via a phishing attack, granting them full access to the funds.
The attacker used the compromised keys to access one of the vaults associated with the Alex Liquidity Pool, which compromised all assets in the vault.
The affected asset list includes aBTC, sUSDT, XBTC, xUSD, ALEX, atALEX, LiSTX, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20, and STXS. Nonetheless, the project stated that its underlying smart contract code and infrastructure had not been compromised.
After taking over as the administrator, the attack
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