On June 6, 2025, ALEX Protocol, a decentralized finance platform operating on the Stacks blockchain, suffered a substantial security breach that resulted in the loss of over 8.3 million dollars’ worth of digital assets. The incident stemmed from a defect in the protocol’s self-listing verification logic, a shortcoming connected to limitations of the Stacks network. The defect let an attacker tamper with asset listings and pull the plug on several liquidity pools. Following the breach, the ALEX Lab Foundation declared a complete compensation plan to reimburse all impacted individuals in USDC. This is part of an effort to restore the
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