Alex Lab hack reportedly hits SPD Bank clients after earlier $8.3M exploit
Hack on Bitcoin DeFi protocol Alex Lab has reportedly spilled into traditional finance, with ChainCatcher saying customers of Shanghai Pudong Development Bank, or SPD Bank, were among those affected in the latest incident.Alex Lab previously pledged to reimburse users after an $8.3 million exploit and has faced repeated security failures.North Korean-linked groups, including Lazarus, have been tied to earlier Alex Lab-related operations targeting both banks and DeFi projects. A recent security incident at Bitcoin DeFi protocol Alex Lab has spilled over into the traditional banking system, with Chinese outlet ChainCatcher reporting that customers of Shanghai Pudong Development Bank (SPD Bank) were among those affected by the latest exploit. According to Unchained, Alex Lab, built on the Stacks (STX) network, “suffered a major security breach on June 6, resulting in the loss of around $8.3 million of digital assets,” including 8.4 million STX, 21.85 sBTC and several hundred thousand dollars worth of USDT, USDC and wBTC, all valued in the low eight figures in $ terms at the time. In that earlier case, the protocol said it would “fully reimburse affected users,” stressing that it would cover the losses from its own treasury while working with law enforcement and exchanges to track funds. Alex Labs