AFX Trade exploited for $24M on Arbitrum.
Security & Exploits ·
Security firm Blockaid detected an exploit targeting AFX, a protocol operating on Arbitrum, on July 22 at 21:30 UTC. The attack specifically focused on a bridge operated by AFX, with approximately 24.15 million USDC drained from the protocol.
Blockaid's team coordinated with the Arbitrum team and AFX following detection to respond to the incident and work toward containing the stolen funds. The specific transaction hash has been recorded on the Arbitrum blockchain for analysis.
Details regarding the exploit's mechanics, whether the bridge vulnerability has since been patched, and the current status of recovery efforts remain unclear.