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ALEX Protocol Initiates Compensation Program After Security Breach
Following the security breach on June 6th, ALEX Labs has initiated a Foundation Grant program to compensate affected users. The company expressed a sense of responsibility towards the community and asset security, offering support to recover funds. The total losses include 8,403,867.57 STX, 21.85 sBTC, 149,850 aUSD, and 2.80 aBTC, none of which have been recovered yet. Compensation will be made in USDC and aBTC, with specifics as follows: 100% of STX will be paid in USDC (1STX = 0.68 USDC), sBTC in aBTC (1:1), aBTC 75% in aBTC and 25% in USDC (1 aBTC = 102,734 USDC), and aUSD 91% in aUSD and 9% in USDC (1 aUSD = 1.00 USDC). Those affected must submit an application form by June 11th, 9 AM KST to recover their assets. It is reassuring that full compensation is promised, but submission is mandatory for asset recovery.
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AI Analysis
The recent security incident at ALEX Protocol has led to a significant loss of user assets, highlighting vulnerabilities within the platform. The comprehensive compensation plan reflects a strong comm...
AI Recommendation
Investors and users should closely monitor the progress of the compensation process and ensure they submit their claim by the designated deadline. It is also advisable to reassess the risk management ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
