Alex Lab: We will continue to work with law enforcement to track down the attackers and recover the losses

Bitcoin decentralized finance (DeFi) tool Alex Lab released an update on the attack: Based on the results of the investigation and discussions with security partners, the attacker seems unlikely to negotiate, so it will continue to work with law enforcement to seek their support for recovering and tracking the attacker. In addition, Alex Lab is deploying the ALEX reserves held by the Alex Lab Foundation to fund a financial grant program to support the community affected by the attack. The current priority is to recover a total of 13.7 million STX and develop a treasury funding program to support affected users. Earlier news, Alex Lab was recently hacked and lost $4.3 million.