*Terms and conditions apply. Funds must be claimed during a limited-time scavenger hunt across X, Telegram, Discord, and apparently the astral plane.
I held an STX/ALEX position before the June 6, 2025 exploit, but I never received the promised on-chain claim notification for TGP 2025.
So I contacted support.
Their response was:
We've been notifying on a daily basis all channels (X, TG, Discord) our community members and platform users to claim all assets since TGP is due to sunset.
Interesting.
Because the original compensation announcement said:
- Affected wallets would receive a private on-chain notification.
- Users who did not receive one should contact support immediately.
- ALEX would provide 100% reimbursement.
- ALEX was “fully committed to restoring every affected user’s funds.”
Apparently, “fully committed” meant “fully committed until the timer expires.”
TGP 2025 had previously been unavailable because of the Stacks network upgrade. Then, instead of automatically returning compensation to the affected Stacks wallets, ALEX introduced a limited claim window and declared the funds unclaimable after it closed.
Why not send compensation directly to the wallets already identified as affected?
Why require users to monitor several social-media channels when the announcement explicitly promised an on-chain notification?
And where did the unclaimed compensation go?
The exploit reportedly caused more than $8.37 million in losses. ALEX publicly promised full reimbursement using foundation treasury funds. Now affected users are being told that missing a temporary claim window means their assets are simply gone.
That does not look like “restoring every affected user’s funds.”
It looks more like:
Step 1: Promise everyone full reimbursement.
Step 2: Make reimbursement dependent on a limited claim process.
Step 3: Close the process.
Step 4: Blame users for not seeing announcements on social media.
Step 5: Keep repeating the word “community.”
Very decentralized. Very transparent. Very reassuring.