Upbit issued a warning about the theft of Alex Labs STX, and STX fell by more than 6% in a short period of time

According to news on May 16, South Korean crypto trading platform Upbit issued a statement stating that the platform has confirmed that due to the theft of Alex Labs’ private key, Stacks (STX) managed by the dApp has been transferred to hackers. Therefore, users are advised to pay attention to the possibility of increased price volatility of STX. Since then, STX has fallen by more than 6% in 15 minutes, but has recovered and is currently quoted at $2.06. As previously reported, the Bitcoin DEFI tool ALEX Lab confirmed that it had been attacked and suffered a loss of US$4.3 million. Officials stated that the identity of the attacker had been confirmed. Later, an update was released stating that its liquidity pool was taken over by hackers. The pool contained approximately 13.7 million STX, of which approximately 3 million were sent to various CEXs, and the number continues to increase. Some of the stolen funds have been identified and are being recovered from a CEX platform.