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Заголовок DeFi Protocol Alex Lab $4 Million Hack Linked To Lazarus Group
Дата 20240626

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DeFi Protocol Alex Lab $4 Million Hack Linked To Lazarus Group

DeFi Protocol Alex Lab $4 Million Hack Linked To Lazarus Group

by Rubmar Garcia

3 mins ago

in Crypto News

0

Alex Lab, a Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » 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• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
sleuth while the police continued to
investigate the incident.

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Deepfakes

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 attacker drained around 13.7
million Stacks (STX), 3 million of which they sent to several centralized
exchanges (CEXs). Per the report, the exploiters sent STX to Binance, Kraken,
OKX, Bybit, Kucoin, and other exchanges.

Summary of the stolen STX. Source: Alex Lab on X

By May 16, the DeFi Project had recovered most of the affected assets.
Additionally, it revealed to be monitoring the exploiter’s wallets and to have
notified the involved CEXs.

Alex Lab also stated that a portion of the stolen funds, worth around $4
million, were in the process of being recovered from one of the centralized
exchanges . However, the protocol explained that there were no guarantees that
all stolen funds could be retrieved.

Lazarus Group Linked To The Attack

On June 17, Alex Lab updated investors on the status of the incident. After
failing to contact the exploiter, the DeFi protocol continued to track down
the stolen assets.

As a result, the team found that the hacker had broadcasted nearly 10,000
transactions in a month. Per the post, the attacker generated hundreds of new
addresses to disperse the on-chain STX tokens. After sending the balance to
the new wallets, the tokens were transferred to CEXs in smaller amounts.

The number of wallets related to the exploit increases exponentially daily
“without sign of pause.” Last week, 8.3 million STX, worth around $14 million,
had been deposited to CEXs. Meanwhile, approximately 5.5 million STX remained
on-chain.

Movement of the stolen STX tokens. Source: Alex Lab on X

On June 24, Alex Lab detailed crucial new findings in the ongoing
investigation. According to the DeFi protocol, they had potentially identified
its attackers.

Seemingly, some of the exploit addresses have been linked back to the North
Korean hacking group Lazarus Group . The forensic analysis, assisted by crypto
detective ZachXBT, revealed “substantial transaction evidence linking the
attack to the Lazarus Group.”

The initial exploit address where the funds were originally sent transferred
funds to a second address, which seems connected to the North Korean hacking
group. The transaction history shows that the second addressused a known
Lazarus TRON address.”

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The Foundation explained they had facilitated contact between the CEXs and the
Singapore Police Force. Lastly, they stated they are collaborating with
cybersecurity experts toaddress the implications of this attack and to
recover the lost assets.”

BTC is trading at $61,250 in the three-day chart. Source: BTCUSDT on
TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

============= Итог: 2,8660 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Блокчейн 2,8660 ; Информационные технологии#Информационно-коммуникационные технологии #Информационные технологии и телекоммуникации#Базы данных #Публичная база транзакций#Блокчейн#Bitcoin


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