ALEX announces the completion of the recovery work and will submit governance proposals for discussion on follow-up plans

The Bitcoin DeFi project ALEX tweeted that its centralized exchange asset recovery work has been completed, legal issues have been resolved, and no further recovery is expected. About 1.6 million STX assets are stored in the TGP treasury and have not been collected. Eligible users can view details through the link. The attacker's wallet currently has no trading activity. The ALEX Lab Foundation will submit a governance proposal within two weeks to discuss follow-up solutions. On June 6, 2025, an attacker exploited a vulnerability in the ALEX Protocol's self-service coin listing feature, causing a loss of approximately $8.37 million.