Alex Labs Reveals Roadmap to Restart Operations After Breach
Alex Labs, a Bitcoin layer-2 (L2) developer, announced a detailed recovery roadmap and enhanced security measures on May 29 in response to a recent breach.
The company recognized the role of the community and seeks to rebuild trust and resume platform operations. They claimed to focus more on stronger security protocols and ongoing governance.
In a recent X Space session, the Alex Labs Foundation laid out its recovery strategy, addressing community concerns and governance issues.
Two key governance votes are in progress: the Treasury Grant Program (TGP) and the decision to reopen unaffected pools, including multiple Stacks (STX) pools.
The TGP vote focuses on the best use of recovered assets to benefit the community. Five options were offered, although options three and four present risks due to the synthetic nature of the solutions.
Dear ALEX Community,
We are committed to restoring trust and resuming operations with enhanced security measures. Below is the roadmap for our re-opening:
Governance Votes are ongoing for:
