Bitcoin DeFi Platform ALEX Lab Provides Financial Update and Details on Asset Recovery

According to Odaily, Bitcoin DeFi platform ALEX Lab has released an update on its financial status and details of its asset recovery efforts. The update includes several key points. Firstly, 1% of the tokens will be used to cover the foundation's operational costs over the past three years. Secondly, the platform recently sold 3% of its tokens to raise 10 million USDC. Of this amount, 7 million will be used for bounty or Treasury Grant projects, with the remaining funds allocated for the foundation's operations, personnel expenses, market marketing, security contracts, and legal fees. Thirdly, 16% of the tokens are currently available. Fourthly, approximately 4 million STX were sent to 27 different exchanges, of which around 1 million STX could not be recovered. Lastly, 10 million STX are suspected to be controlled in several chain wallets, and the foundation is actively contacting the relevant parties. This update provides a comprehensive overview of ALEX Lab's financial situation and its ongoing efforts to recover stolen assets.