On June 9, the Korean exchange Bithumb placed ALEX on the trading warning list after the platform suffered a serious hacker attack, causing a loss of approximately 8 million USD in cryptoassets. Deposit and withdrawal activities for the ALEX Token on the exchange have been completely suspended to prevent further damage, while detailed information about the handling measures will be announced in the second week of July.
In the trading market, data from Bitget shows that the ALEX Token plummeted 12.15% in a short time, currently trading at $0.01856. Panic sentiment covers the holder community as security risks increasingly become a persistent weakness of DeFi projects.
The root cause originated from a logical vulnerability in the ALEX DeFi protocol's smart contract, leading to a total loss of approximately 8.37 million USD in cryptoassets. The development team has committed to fully compensating the affected investors to regain trust and limit large-scale capital withdrawal from the platform.
This event warns the community about systemic risks in DeFi projects, while also placing an urgent requirement for security audits and increased transparency in incident handling procedures. While waiting for further actions from the development team, investors should continue to closely monitor updated information to protect their personal cryptoassets.
