Upbit issued a warning about the stolen STX from AlexLabs, and STX fell by more than 6% in a short period of time

Upbit, a South Korean cryptocurrency trading platform, announced that it had confirmed the theft of the private key of Alex Labs, resulting in the transfer of Stacks (STX) managed under the dApp to the hacker. Users are advised to be aware of the increased volatility of STX prices. Afterward, STX fell more than 7% in 15 minutes, but has since recovered and is currently priced at $2.08. Previously reported, Bitcoin DEFI tool ALEX Lab confirmed a loss of $4.3 million due to an attack, and the official stated that the attacker's identity had been confirmed. Later updates indicated that the hacker took over its liquidity pool, which contained approximately 13.7 million STX, of which about 3 million were sent to various CEXs, and the number continues to increase. Some of the stolen funds have been identified and are being recovered from a CEX platform.