Alex Labs Roadmap to Restore Trust and Resume Operations Summary

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by Giorgi Kostiuk

2 years ago

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Alex Labs, a developer in the Bitcoin layer-2 (L2) space, has disclosed its strategy to rebuild community confidence and recommence activities on its platform following a recent security breach. Two governance polls are in progress, focusing on reopening pools and executing the migration of its native token and automated market maker (AMM). The Foundation emphasized the Treasury Grant Program (TGP), essential for recuperating community assets, and the vote regarding the reopening of unaffected pools. Security measures have been enhanced, including collaboration with Kaamel Technology and legal entities to recover stolen funds. Continuous communication with the community is prioritized through upcoming Ask-Me-Anything (AMA) sessions. Governance votes, ending on June 2, will determine the management of retrieved user funds.

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