The developer of Bitcoin-focused defi platform ALEX Lab says North Korean hackers are seemingly behind the most recent $4 million assault.

North Korean hacker group Lazarus Group may be very seemingly liable for the assault that left Bitcoin-focused defi platform ALEX Lab with out $4 million value of tokens earlier in Might. In an X put up on Jun. 25, ALEX Lab’s official account mentioned there’s “substantial transaction evidence” exhibiting that the assault is linked to the Lazarus Group.

In mid-Might, ALEX Lab was drained of greater than $4.3 million in a number of tokens following the assault on its bridging service. Shortly after the assault, ALEX Lab builders revealed in a now-deleted X put up they “identified the individual responsible for the recent security breach.” On the similar time, the workforce provided a ten% bounty for the return of 90% of the stolen funds. In a while, the put up was quietly eliminated with out additional rationalization.

The ALEX Lab workforce assures its prospects that it’s “actively collaborating with international law enforcement and cybersecurity experts to address the implications of this attack and to recover lost assets,” including that “enhanced security protocols are being implemented.”

Launched in 2021 by former bankers Chiente Hsu and Rachel Yu, ALEX Lab was developed to simplify using decentralized finance (defi) providers on Bitcoin by way of Stacks, a platform for good contracts. In keeping with knowledge from CoinCarp, the startup raised a complete of $18.3 million, although its valuation hasn’t been disclosed.