ALEX: The platform has suspended operations due to malicious activities to ensure user safety

ChainCatcher message, based on the Stacks DeFi protocol ALEX on X states: "We are aware of malicious activities on the ALEX platform. The team is working hard to control the situation and mitigate further impact. We are closely collaborating with centralized exchanges (CEX), and some of the stolen funds have been traced back to the platform. To ensure the safety of all users, all platform activities have been suspended. A complete post-incident analysis will be released as soon as possible."

Previous news, South Korean exchange Bithumb has suspended ALEX and STX deposit and withdrawal services.