According to a recent announcement, Alex Lab believes the Lazarus Group, a notorious hacking collective linked to the North Korean government, is responsible for a $4 million exploit on their platform last month.
The project, facilitated by crypto investigator ZachXBT, identified “substantial transaction evidence” connecting the attack to the Lazarus Group. They detailed key addresses used to trace the stolen assets and are collaborating with international law enforcement and cybersecurity experts to recover them.
Alex Lab previously disclosed the exploit in May, which compromised private keys through a phishing attack. The stolen assets were primarily Stacks (STX) tokens, with Certik estimating losses around $4.3 million.
Since then, Alex Lab has reportedly facilitated communication between Singaporean police and crypto exchanges to secure the stolen assets during the investigation. They claim a significant portion of the STX has been frozen by exchanges, and they will announce their return to affected users once the investigation concludes.
The Alex token price has experienced a slight decrease of 3.2% in the last 24 hours (as of publication date).
