Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades
The Alex bridge on BNB network was drained of $4.3M after a series of suspicious contract upgrades, reports CertiK. The post Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades appeared firs...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Alex bridge on BNB network was drained of $4.3M after a series of suspicious contract upgrades, reports CertiK.
The post Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades appeared first on Crypto Briefing.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Crypto BriefingRelated market context
New SummerFi DeFi exploit shows AI automation now sits above smart contract risk
Summer.fi's automated vault incident has put delegated DeFi yield back under pressure after Blockaid said on July 6 that its explo...
Merit Systems marked as ‘Questionable’ on Ethos Network after researcher drained $20K from AI wallet
The incident highlights the critical need for robust security measures and transparent, supportive responses to vulnerability disc...
1kx, Blockchain Capital back $7.5 million KOR Protocol Series A at $100 million valuation
KOR Protocol is building an onchain clearinghouse that helps register and route creative works and pay out rights holders.
Polymarket Turns On Instant Bitcoin Deposits Via Lightning Network, Powered by Spark
Bitcoin Magazine Polymarket Turns On Instant Bitcoin Deposits Via Lightning Network, Powered by Spark Polymarket, the crypto-nativ...
Sui enables gasless stablecoin transfers at the protocol level, processing $65B in five days
Sui's gasless stablecoin transfers could revolutionize transaction efficiency but may challenge network sustainability and spam pr...
Vitalik Buterin Outlines 'Lean Ethereum' Roadmap, a Three-to-Four-Year Protocol Overhaul
Ethereum co-founder Vitalik Buterin published a new set of takeaways on "Lean Ethereum," the multi-year plan to rebuild most of th...