ALEX Lab, a prominent Bitcoin DeFi platform, has fallen victim to a security breach, resulting in a massive dispersion of on-chain STX balances into new wallet addresses. As of June 17, the attacker had broadcast over 9700 transactions, with the number of traceable transactions increasing exponentially from 300 to over 9600 in a short span. This rapid surge indicates a significant escalation in the attacker's activity, with the number of independent addresses rising from less than 100 to over 4700 within a week.

The attacker's strategy involved creating new wallet addresses and dispersing small amounts of STX into these wallets, subsequently transferring the funds to centralized exchanges (CEX). Initially, most CEX cooperated with ALEX Lab in the recovery process, but the attacker soon adapted by switching to a new sending address for the stolen funds. Currently, the traceable amount of STX deposited into CEX stands at 8,373,587 STX, while the attacker's on-chain balance is approximately 5,560,332 STX.

The security breach has raised concerns about the vulnerability of DeFi platforms to such attacks. ALEX Lab's incident highlights the need for robust security measures to prevent and mitigate such breaches. The rapid adaptation of the attacker to the recovery efforts also underscores the importance of staying vigilant and proactive in the face of evolving threats.

The incident has sparked a thorough investigation, with ALEX Lab working closely with CEX and other stakeholders to contain the damage and recover the stolen funds. The platform's swift response and cooperation with authorities demonstrate its commitment to security and transparency.

In conclusion, the security breach at ALEX Lab serves as a stark reminder of the risks associated with DeFi platforms. While the incident is still unfolding, it has already highlighted the need for enhanced security measures and closer collaboration between platforms, exchanges, and authorities to prevent and mitigate such attacks in the future.