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    DeFi (Decentralized Finance)

    ALEX Protocol Grant Program: Financial Aid After $8.4M DeFi…

    Sam Boolman | Crypto Enthusiast and WriterBy

    ALEX Protocol Launches Grant Program After $8.4M DeFi Hack

    According to the most recent statement from Alex Protocol, it is prepared to offer financial backing to the users affected through a mix of original tokens, USDC equivalent, based on the kind of properties lost. The post dated June 08, 2025, stated that, ‘Following the security exploit on June 6, 2025, ALEX Lab has launched an extensive Treasury Grant Program to provide financial assistance to users who lost funds in the event.’ In the same post, ALEX Protocol also mentioned, ‘The Treasury Grant Program affirms ALEX Lab’s commitment to its users and its ongoing efforts to ensure protocol recovery and resilience.’

    A brief overview of the ALEX Protocol breach: As per the available information, ALEX Protocol, a Bitcoin DeFi platform, was breached for $8.37 million.

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    Sam Boolman | Crypto Enthusiast and Writer

    Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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