ALEX Security Update Aug 19, 2024

  1. Legal and Recovery Efforts:

Legal Action: We’ve advanced in our legal preparations for the High Court of Singapore, aiming to recover stolen STX. Our legal team is refining the case for filing.

Evidence: Comprehensive evidence has been gathered, including CEX addresses, attacker’s wallet details, and transaction logs for affected users.

  1. Attacker Activity and CEX Cooperation:

Attacker’s Moves: Only four new transactions since the last update, with a significant transfer of 3,494,995.88 STX to a new address (94KYB).

CEX Support: All 15 involved exchanges are cooperating, blocking new addresses and aiding in the legal process.

  1. Revenue Allocation:

Compensation Commitment: All ALEX revenues are now directed towards compensating affected users, showcasing our commitment to recovery.

Transparency: A new feature for tracking platform revenue will be introduced for transparency on user compensation.

  1. Strategic Partnership:

ZeroShadow Partnership: We’ve partnered with ZeroShadow to enhance security across the Stacks ecosystem with advanced tracking.

We’re dedicated to asset recovery, user compensation, and platform security. Thank you for your support!

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