‘Hackers Day’: 3 Crypto Protocols Drained of $35 Million in 24 Hours

AFX Trade, BSquaredNetwork, and Verus have all fallen victim to exploits over the last 24 hours.

In what many are calling “Hackers Day,” the three protocols have collectively lost over $35 million in crypto assets.

Crypto Industry Hit With Three Separate Hacks

PeckShieldAlert said it detected an attack on Arbitrum-based protocol AFX on July 22, with estimated losses of about $24.15 million USDC. The on-chain security firm added that the exploiter bridged the stolen funds from Arbitrum to Ethereum, after which they swapped them for 12,467.5 ETH.

Less than an hour later, PeckShieldAlert reported that attackers had drained BSquaredNetwork of $8.59 B2 tokens on BNB Chain, resulting in it losing approximately $3.86 million. The hackers then quickly swapped the tokens for more than 5,000 WBNB, converted them into 1,128 ETH, and bridged the funds out using NEAR Intents. The impact on the market was quick, with B2’s price dropping by over 15% in the aftermath of the exploit.

It doesn’t stop there; blockchain security firm Lookonchain also alerted the public to another incident, this time affecting Ethereum-based cross-chain bridge Verus protocol. In this case, the exploiters made off with $7.55 million.

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