AFX Trade has reportedly suffered a $24M exploit on @Arbitrum with the attack targeting one of its bridge contracts.
Bridge security remains one of the biggest challenges in DeFi.
The investigation is still ongoing, with several blockchain security firms now involved.
According to SlowMist, the stolen funds remain in the attacker’s wallet, which has been flagged with the Crypto Defense Alliance (CDA), a network of exchanges and ecosystem partners actively monitoring suspicious addresses.
Zellic, the firm that audited the bridge, has also joined the investigation to help determine what happened.
The team says it will continue sharing updates as more verified information becomes available. $ARB