Alex Lab points to Lazarus Group after last month’s $4M exploit

After being exploited for $4.3 million in May, Alex Lab reveals they have since found “substantial transaction evidence” pointing the attack to North Korea’s Lazarus Group.

Bitcoin layer-2 developer Alex Lab believes the $4 million exploit it suffered in May is most likely linked to the notorious North Korean hacking consortium Lazarus Group. 

In a June 25 post to X, Alex Lab drew attention to three wallet addresses hackers used on May 16 to drain funds from the Bitcoin-based decentralized finance (DeFi) protocol.

Additionally, the team shared they collaborated with independent blockchain sleuth ZachXBT to compile the evidence required to link Lazarus to the exploit.

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