AFX Trade, a perpetuals decentralized exchange built on Arbitrum, has suffered a $24 million exploit that targeted a custody bridge the platform operates rather than the underlying Arbitrum network. According to reports, the attacker quickly moved the stolen assets to Ethereum, a common tactic to complicate tracing and recovery efforts. In an attempt to recoup the funds, AFX has offered the hacker a 30% bounty, allowing them to keep roughly $7.2 million if they return the remaining balance. Such whitehat-style offers have become a standard response to major DeFi breaches, giving attackers a legal off-ramp while limiting protocol losses. The incident underscores ongoing security risks tied to bridge infrastructure, which remains one of the most frequently targeted components in the crypto ecosystem. It remains unclear whether the attacker will accept the terms.
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