Upbit issued a warning about the stolen STX from Alex Labs, and STX fell by more than 7% in a short period of time

2024-05-16 18:26

BlockBeats news, on May 16, South Korean crypto trading platform Upbit issued a statement saying that the platform has confirmed that due to the theft of Alex Labs private keys, Stacks (STX) managed by the dApp has been transferred to hackers. Therefore, users are advised to pay attention to the possibility of increased volatility in STX prices.


STX then fell more than 7% in 15 minutes, and has now rebounded, with a temporary quotation of $2.08.


BlockBeats previously reported that Bitcoin DEFI tool ALEXLab confirmed that it had lost $4.3 million in an attack, and the official said that the identity of the attacker had been confirmed. Subsequently, an update was released saying that its liquidity pool was taken over by hackers, and the pool contained about 13.7 million STX, of which about 3 million were sent to various CEXs, and the number was increasing. Some of the stolen funds have been identified and are being recovered from a CEX platform.

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