Bitcoin DeFi Project ALEX Protocol Targeted In $8.3 Million Exploit
BitcoinistSunday, June 8, 2025 at 3:30:17 PM
A Bitcoin-based DeFi platform called ALEX Protocol just got hit by hackers, who made off with $8.3 million in user funds. This isn’t the first time—just over a year ago, the same project was drained by North Korea’s infamous Lazarus Group. DeFi hacks keep piling up, and this one’s another blow to confidence in crypto security.
Editor’s Note: Another day, another DeFi hack. While the crypto world loves to hype decentralization, incidents like this remind everyone that the space is still a Wild West when it comes to security. For users, it’s a harsh lesson in the risks of trusting newer protocols—especially ones with a history of exploits. For the industry, it’s yet another PR headache at a time when regulators are already skeptical.
— Curated via WP Now’s
