ALEX Protocol Faces Significant Loss Due to Security Flaw

According to Foresight News, ALEX Protocol has suffered a substantial financial loss exceeding $8 million due to a security vulnerability. The incident was attributed to a flaw in the self-listing logic of the protocol, which failed to incorporate compatibility checks for unsuccessful transactions. This oversight was exploited maliciously, resulting in the transfer of funds from the liquidity pool. The founder of SlowMist, Yu Jian, recalled a similar incident last year on May 25, when a private key leak led to losses in the millions.