SecurityThe Blockabout 3 hours ago
AFX Protocol loses $24M in bridge exploit
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AFX Protocol, a decentralized perpetual exchange on Arbitrum, lost $24.15 million in a crosschain bridge exploit on Wednesday. Offchain Labs confirmed the hack targeted a third-party protocol, not Arbitrum's native bridge. The exploiter bridged 24.15 million USDC to Ethereum and bought 12,467 ETH at an average price of $1,937.
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