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ALEX recently sold 3% of tokens to raise 10 million USDC for bounties, etc., and 4 million stolen STX was sent to 27 exchanges

ALEX recently sold 3% of tokens to raise 10 million USDC for bounties, etc., and 4 million stolen STX was sent to 27 exchanges

Bitget2024/05/25 03:20

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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