AFX Protocol reportedly loses $24M in bridge exploit
Summary
AFX Protocol, a decentralized perpetual exchange on Arbitrum, reportedly lost about $24.15 million in an exploit affecting one of its crosschain bridges. Blockaid detected the attack at 9:30 p.m. UTC, and onchain data showed the exploiter bridged 24.15 million USDC to Ethereum and used it to buy 12,467 ETH at an average price of $1,937. Offchain Labs co-founder Stephen Goldfeder said the issue involved a third-party protocol, not the Arbitrum native bridge, which was not hacked or exploited. Investigations were ongoing.
