Alex Lab, a Bitcoin (CRYPTO:BTC) layer-two developer, has confirmed that North Korea's Lazarus Group orchestrated a $4.3 million exploit on its decentralised finance (defi) protocol in May.
The attack targeted STX (CRYPTO:STX) tokens within the Alex protocol, prompting immediate collaboration with international law enforcement and cybersecurity experts.
As part of ongoing investigations, Alex Lab facilitated communication between the Singapore Police Force and cryptocurrency exchanges to freeze the stolen assets.
Updates from Alex Lab indicate that significant portions of the stolen tokens have been successfully frozen on centralised exchanges pending the conclusion of the investigation, ensuring security measures are upheld until affected funds can be returned to users.