๐จ $AFX BRIDGE EXPLOITED FOR $24M โ ATTACKER NOW HOLDS 12,467 ETH ๐ฃ
The AFX Trade bridge on Arbitrum was drained of $24.15M in USDC, with the attacker bridging funds to Ethereum and swapping into 12,467 ETH. ๐ฐ Blockaid and PeckShield confirmed the incident, while Offchain Labs clarified Arbitrumโs native bridge remains untouched โ this was a third-party protocol flaw. ๐
The exploit highlights a recurring risk in cross-chain bridges: a single vulnerability can unravel liquidity pools instantly. The Arbitrum team is now coordinating with AFX Trade, but the stolen ETH remains tracked. ๐ ๐ฌ How do you vet bridge security before interacting with a protocol? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #AFX #Arbitrum #Exploit #DeFi #Security
๐ฆ ๐ก๏ธ
The AFX Trade bridge on Arbitrum was drained of $24.15M in USDC, with the attacker bridging funds to Ethereum and swapping into 12,467 ETH. ๐ฐ Blockaid and PeckShield confirmed the incident, while Offchain Labs clarified Arbitrumโs native bridge remains untouched โ this was a third-party protocol flaw. ๐
The exploit highlights a recurring risk in cross-chain bridges: a single vulnerability can unravel liquidity pools instantly. The Arbitrum team is now coordinating with AFX Trade, but the stolen ETH remains tracked. ๐ ๐ฌ How do you vet bridge security before interacting with a protocol? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #AFX #Arbitrum #Exploit #DeFi #Security
๐ฆ ๐ก๏ธ