🚨 $AFX BRIDGE EXPLOITED FOR $24M – ATTACKER NOW HOLDS 12,467 ETH 💣
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. 💰 Blockaid and PeckShield confirmed the incident, while Offchain Labs clarified Arbitrum’s native bridge remains untouched — this was a third-party protocol flaw. 🔍
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. 📊 💬 How do you vet bridge security before interacting with a protocol? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #AFX #Arbitrum #Exploit #DeFi #Security
🦈 🛡️
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. 💰 Blockaid and PeckShield confirmed the incident, while Offchain Labs clarified Arbitrum’s native bridge remains untouched — this was a third-party protocol flaw. 🔍
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. 📊 💬 How do you vet bridge security before interacting with a protocol? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #AFX #Arbitrum #Exploit #DeFi #Security
🦈 🛡️