As an ERC-20 token, ALPHA is backed by Ethereum, one of the most stable and secure blockchain networks now in use. Its enormous proof-of-work (POW) mining network, which employs an army of devoted miners to protect the network's integrity, keeps it safe.
Alpha Finance Labs employs specialized engineers and researchers. However, it also depends on external audits to assure the security of its smart contracts. PeckShield and Quantstamp, for example, have been hired by Alpha Finance Labs to audit the smart contract code for Alpha Homora V2. So, Alpha Finance Lab seems real and safe enough to invest in.