Blockaid detects exploit targeting AFX XYZ Bridge on Arbitrum, draining approximately $24.15M USDC.
Security & Exploits ·
Security firm Blockaid identified an exploit on July 22, 2026 targeting AFX, a protocol operating on Arbitrum. The attack specifically affected a bridge operated by AFX, resulting in the drainage of approximately 24.15M USDC.
The exploit occurred at 21:30 UTC. Blockaid's detection enabled rapid coordination with the Arbitrum team to mount a response, engage the affected protocol, and work toward containing the stolen funds. The transaction associated with the exploit has been recorded on the blockchain.
The full scope of the damage and recovery measures remain under active investigation. No details have been disclosed regarding the technical vector of the attack or the timeline for restoration of affected user assets.