AFX Trade promises to unveil 'goodwill plan' on August 3 after $24M exploit

AFX Trade has informed its community on Friday, July 31, that it will be publishing a “goodwill plan” for users on Monday, August 3. 

It may come as a step in the direction of making affected users whole; however, the update stopped short of providing information on what users should be expecting. The message called for calm while the team finalizes a way forward.

It is coming nine days after the platform lost over $24 million due to a breach in its exchange custody bridge.

What did AFX Trade share in its update?

The update was short and it did not provide specifics. The message was shared from AFX Trade’s X account and read, “A goodwill plan is currently in process following the recent security incident, and will be unveiled on Monday August 3rd.”

The team added that investors, staff, and early backers had all been hit by the breach and shared a link to a Medium article that contained a detailed post-mortem.

However, no figures, eligibility rules, or timeline for any payout was shared, and it was not disclosed if that will be shared on the coming Monday as well.

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