Alex Protocol Attack: Hacker Distributes Stolen STX via 9,700 Transactions

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Alex protocol, a Bitcoin layer two (L2) network bridge that leverages the Stacks (STX) chain to enhance BTC-native DeFi applications, has issued an update on its recent attack. According to an X post earlier today, the Alex protocol attacker had created more than 4,700 unique addresses, up from only 100 in the last seven days. 

As a result, the Alex protocol attacker broadcasted over 9,700 traceable transactions to distribute the stolen STX tokens.

The company indicated that the attacker’s current traceable STX deposits into centralized exchanges (CEXs) are 8,373,587 STX. On the other hand, the attacker’s on-chain balance was around 5,560,332 STX tokens, which is calculated based on wallet balances above 100 STX units

ALEX Security Update

As of June 17th at 11AM, the attacker has broadcast more than 9700+ transactions, which involve generating new wallets addresses then dispersing the on-chain STX balance across those new wallets.

The number of traceable transaction started to grow… pic.twitter.com/BZ3TPevqor