A major exploit has hit the AFX protocol, resulting in losses estimated at $24 million. The incident occurred when an unauthorized party took advantage of a vulnerability in a third-party protocol.
Source
"AFX Protocol Suffers $24M Loss in Bridge Exploit" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The exploit did not impact Arbitrum's native bridge infrastructure, according to Offchain Labs, which reassured users that their funds remain secure.
ARB · 7D · $0.0807−2.3%
