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ALEX Completes CEX Asset Recovery, to Submit Governance Proposal in Two Weeks

Project Progress

2026-05-08 04:02:06

ALEX-4.14%

BTC-0.43%

STX-0.11%

According to ALEX, the Bitcoin DeFi protocol has completed its centralized exchange asset recovery efforts following the June 2025 exploit. The project stated that legal proceedings have been fully resolved with no further recoveries expected. Approximately 1.6 million STX from recovered assets remain unclaimed in the TGP treasury, with eligible users able to verify claim details via the project's link. ALEX Lab Foundation will submit a governance proposal within two weeks to discuss the next steps for handling the remaining assets.

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