AFX Trade Bridge Drained for $24.15M on Arbitrum
- Bridge
- DeFi
- Security
Attackers exploited the AFX-powered bridge on Arbitrum, draining 24.15 million USDC before bridging the loot to Ethereum and swapping into 12,467 ETH. Blockaid and PeckShield traced the funds while AFX suspended the bridge and launched incident response. July 23 became known as Hackers' Day as total losses that week approached $100 million.
Incident Details
- Type
- BRIDGE HACK
- Funds Lost
- $24.2M
- Status
- Ongoing
Funds moved to Ethereum, protocol paused, July hack total neared $100M.