ALEX recently sold 3% of tokens to raise 10 million USDC for bounties, etc., and 4 million stolen STX was sent to 27 exchanges
According to ChainCatcher news, the Bitcoin DeFi platform ALEX Lab announced an update on its financial status and recovery details of stolen assets. It recently sold 3% of its tokens to raise 10 million USDC, of which 7 million was used for bounties or Treasury Grant projects, and the remaining The funds are used for the foundation's operations, personnel expenses, marketing, security contracts and legal fees.
Approximately 4 million STX was sent to 27 different exchanges, of which approximately 1 million STX could not be recovered. In addition, 10 million STX is suspected to be controlled in several on-chain wallets, and the foundation is working hard to contact relevant parties.
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