A large hack that occurred in May and involved a phishing assault that got access to cash housed in one of Alex Lab’s vaults was disclosed by Alex Lab, a platform that is based on Bitcoin and provides decentralized finance.
Assets such as aBTC, sUSDT, XBTC, xUSD, ALEX, atALEX, LiSTX, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20, and STXS were among those that were compromised.
Around 13.7 million STX were transferred by the attacker, with three million of those STX being transmitted to controlled exchanges like as Binance and Kraken.
Even though almost all of the cash were recovered, there was still a total of four million dollars that needed to be retrieved.
Based on the findings of the investigation, it was discovered that the attacker carried out almost 10,000 transactions within a month, distributing STX tokens to a large number of new addresses before directing them into CEXs.
The investigation, which was supported by the crypto detective ZachXBT, revealed evidence that established a connection between the attack and the Lazarus Group, which is a well-known hacker operation based in North Korea.
As a result of the revelation, Alex Lab has increased its interactions with law enforcement and cybersecurity specialists in order to recover stolen funds and address broader consequences.
