Repay another $24M.

AFX Trade – a perp DEX on Arbitrum – lost nearly all its USDC in a custody bridge because the key validator was taken.

The contract works correctly.

Key management was wrong.

Old story, but still kills the new ones.

More and more it becomes clear:
People audit the code, but leave the keys loose like it was back in 2021.

If anyone still believes a “protocol’s bridge is safe,” they’re paying for an expensive lesson.$BTC
$BR