My daily ritual for over 5 years: open Discord, open X, open Telegram, open Reddit, repeat.
Interacting with the community → best part.
Filtering signal from the noise and making that feedback actionable → worst part.
Today, I'm fixing the worst part.
Meet Vibewatch 💚
🎁Granite 2025 Wrapped
In under one year, we
🟠 178+ BTC supplied
🟠 $23M in TVL
🟠 30% loan utilization rate
🟠 First Stacks protocol to launch Soft Liquidations
Powered by sBTC on @Stacks
Today, Grayscale Stacks Trust (Ticker: $STCK) has begun trading on OTCQB @OTCMarkets👇
Learn more about Grayscale Stacks Trust (Ticker: $STCK) and see important disclosures: https://t.co/Wsb3775MRL
Notice: Incident Report on Recent Exploit
ALEX Protocol recently experienced an exploit that led to a partial loss of funds. We were able to detect and contain the attack early, minimizing further impact.
The attacker exploited a flaw in verification logic in the self-listing function by referencing a failed transaction, allowing a malicious token to bypass checks and transfer funds from liquidity pools. The core issue stems from a current on-chain limitation, specifically the inability to reliably detect failed transactions on Stacks.
Immediate Response:
- We are actively pursuing recovery.
- We have identified and patched the vulnerability to prevent similar attacks going forward.
- Self-listing functionality has been paused while we conduct a comprehensive security review.
- Our team is working closely with security and ecosystem partners to trace and assess the full scope of the loss.
A full post-mortem will be published once our investigation is complete.