AlexLab
Contents
AlexLab - Rekt
Another day, another private key was compromised.
AlexLab, the self-proclaimed finance layer on Bitcoin, had a few layers stripped, as a compromised private key led to a $4.3 million exploit on AlexLab’s XLink bridge on the BNB network.
Certik Alert caught a suspicious transaction affecting AlexLab on May 14th, with initial evidence pointing to a private key compromise.
AlexLab did not officially confirm the exploit until the next day, where they stated that the misappropriated Alex Assets have been moved by the exploiter to major exchanges, where the assets were frozen by the exchanges.
They offered a bounty equivalent to 10% of the stolen funds, with an expiration of May 18th at 0800 UTC.
Why did they wait a day until they made an official announcement about the exploit?
Credit: Certik, AlexLab, ImmuneBytes, Chain Aegis
The AlexLab team became aware of an exploit using compromised private keys obtained via a phishing attack.
In their official security …
Another day, another private key was compromised.
AlexLab, the self-proclaimed finance layer on Bitcoin, had a few layers stripped, as a compromised private key led to a $4.3 million exploit on AlexLab’s XLink bridge on the BNB network.
Certik Alert caught a suspicious transaction affecting AlexLab on May 14th, with initial evidence pointing to a private key compromise.
AlexLab did not officially confirm the exploit until the next day, where they stated that the misappropriated Alex Assets have been moved by the exploiter to major exchanges, where the assets were frozen by the exchanges.
They offered a bounty equivalent to 10% of the stolen funds, with an expiration of May 18th at 0800 UTC.
Why did they wait a day until they made an official announcement about the exploit?
Credit: Certik, AlexLab, ImmuneBytes, Chain Aegis
The AlexLab team became aware of an exploit using compromised private keys obtained via a phishing attack.
In their official security …
IoC
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