Bitcoin DeFi Platform ALEX Lab Announces Opening of Treasury Grant Program

According to Odaily, Bitcoin DeFi platform ALEX Lab has announced the official opening of its Treasury Grant Program on platform X. This program is now accessible to all users affected by a previous security incident, including those who wish to withdraw. Users can visit the corresponding portal website to confirm their choices and check the status of their assets. In mid-May, ALEX Lab suffered an attack resulting in a loss of $4.3 million. Following this, the platform sold 3% of its tokens to raise $10 million in USDC, of which $7 million was used for bounty or the Treasury Grant project. The Treasury Grant Program is a significant step towards compensating users affected by the security breach and ensuring the platform's future stability.