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CryptoIntelligence 2024-05-22 21:11:11

Alex Labs Recovers $3.9 Million in Crypto from BNB Smart Chain Bridge Exploit

Bitcoin layer-2 developer Alex Labs has successfully frozen over $3.9 million worth of cryptocurrency exploited from its BNB Smart Chain bridge, according to a May 16 social media post. The team stated that the attacker sent the funds to various centralized exchanges (CEXs), enabling the funds to be frozen with the cooperation of these exchanges. The team announced that it recovered the entire balances for 17 different tokens, including “all aBTC, sUSDT, xBTC, xUSD, ALEX, atALEX, LiSTX, LUNR, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20 and STXS.” Additionally, $13.7 million worth of Stacks (STX) tokens were exploited. Of these,

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