AFX Bridge Exploit Drains $24.15M as Stolen USDC Converted Into Ethereum

The AFX bridge exploit led to the loss of 24.15 million USDC after the attackers attacked the cross-chain bridge connected to AFX’s decentralized perpetual trading platform on July 22. However, the breach targeted infrastructure operated by AFX rather than Arbitrum’s native bridge, prompting an ongoing investigation by Blockaid, Offchain Labs, and the affected protocol while […]