Arbitrum Perp DEX AFX Trade Drained of $24M, Offers Hacker 30% to Return It
DECRYPT ·
AFX Trade, a perpetuals exchange on Arbitrum, was drained of about $24 million in an exploit that hit a USDC bridge the protocol itself operates. The exchange said the breach was isolated to that bridge and the exact attack vector is still under investigation; on-chain trackers say the funds were swapped for 12,468 ETH. AFX has halted the bridge and publicly offered the attacker a deal—return 70% of the funds and keep the rest as a "white hat bounty." AFX Trade, a decentralized perpetuals exchange on Arbitrum that settles in the stablecoin USDC, was drained of $24.15 million on Wednesday in an exploit that hit a bridge the protocol operates, security firm Blockaid said. In a tweet , AFX said the exact attack vector remains under investigation. The on-chain money trail shows that the attacker bridged the stolen USDC to Ethereum and swapped it for 12,468 ETH, now sitting in a single wallet , PeckShield said. AFX is aware of an incident involving the AFX-operated USDC custody bridge on Arbitrum. Upon detecting the incident, we immediately suspended bridge operations and initiated our incident response procedures. Our engineering and security teams are actively investigating the root…
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AFX Trade, a decentralized derivatives exchange based on Arbitrum, suffered a security breach resulting in the theft of approximately $24 million in funds. The project team has offered the hacker a 30% bounty and demanded the return of the remaining assets worth $24 million. This incident once again raises awareness about smart contract vulnerabilities and security risks across the DeFi ecosystem. Investors must pay closer attention to security audits and risk management when using DeFi protocols.
하락 영향
- DeFi — A $24 million hack at AFX Trade has exposed security vulnerabilities in DeFi protocols and worsened investor sentiment.
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