ALEX protocol exploit exposes $8.37M vulnerability, triggers major DeFi security reckoning

7-6-2025 – The ALEX Protocol exploit on June 6, 2025, revealed critical flaws that led to a loss of $8. 37 million. The breach has intensified scrutiny of DeFi infrastructure and reignited calls for stronger systemic safeguards. Exploit originated from self-listing flaw At the core of the exploit was a logic flaw in the self-listing mechanism, [ source: https://www.cointrackdaily.com/alex-protocol-exploit-exposes-8-37m-vulnerability-triggers-major-defi-security-reckoning/