Alex Labs, a Bitcoin (CRYPTO:BTC) layer-2 (L2) developer, has announced plans to restore community trust and resume operations following a recent breach.
The recovery roadmap includes governance votes on reopening pools and migrating the native token and automated market maker (AMM).
Additionally, enhanced security measures, such as partnering with Kaamel Technology to investigate the incident and implementing a new smart-contract-based multisig security audit, aim to prevent future exploits.
Ongoing communication through AMAs and participation in governance discussions are encouraged as the community decides the future management of recovered user funds.