AFX Bridge on Arbitrum Exploited for $24.15M
The AFX bridge on Arbitrum was exploited for $24.15 million in USDC via a validator-path compromise, not a contract logic bypass. Five hot-validator signatures controlled over two-thirds of the voting power, enabling the attack. Offchain Labs confirmed the exploit was isolated to AFX, not Arbitrum's native bridge.
Detected & updated continuously · Source: Nebula
Mentioned
Arbitrum (arb)
@OffchainSources
@odysseas_eth
New hack: A $24.15M Arbitrum USDC bridge (not CCTP) withdrawal looks like validator-path compromise, not a contract logic bypass. 5 hot-validator signatures carried 7,142/10,000 power (>2/3). After the 200s dispute window, funds were released and moved via CCTP. https://t.co/2zNuAhQFb3
@cryptoamanclub
🔊 Another Bridge Exploit. Second This Month. On Arbitrum. $24.15M USDC was drained from the AFX bridge. Clarification: ↳ Not Arbitrum's native bridge. ↳ Offchain Labs confirmed it was AFX's third-party bridge. Funds moved: ↳ 24.15M USDC → Ethereum ↳ Converted into https://t.co/0wJQEISHYB
@BSCNews
AFX Trade on Arbitrum Hit By Major Exploit AFX Trade, a protocol on Arbitrum, has suffered an exploit that drained roughly $24.15 million in USDC, according to blockchain security firm Blockaid. The attack was linked to a bridge operated by AFX, not Arbitrum’s native bridge. https://t.co/hU6Tat5QWV