DeFi protocol Alex Lab said it is willing to provide 10% of the total stolen amount as a bounty, valid before 16:00 on May 18

PANews reported on May 15 that according to CoinDesk, the Bitcoin decentralized finance (DeFi) tool Alex Lab was recently attacked by a hacker and lost $4.3 million. In order to recover the stolen funds as soon as possible, Alex Lab proposes to provide a bounty of 10% of the total stolen amount to those who assist in recovering the funds, valid until 16:00 on May 18 (Beijing time). DeFi protocol Alex Lab said it has identified the attacker. The stolen funds have been frozen by major exchanges.

Previously, security firm CertiK said that attackers may have obtained the private keys that control ALEX’s XLink bridge, a service that allows users to transfer tokens between different blockchains. The hackers moved over $300,000 worth of Bitcoin (BTC), $3.3 million worth of stablecoins, and $75,000 worth of Sugar Kingdom (SKO) tokens.