An attacker exploited a vulnerability in the AFX Bridge on Arbitrum, draining nearly all of its locked USDC reserves.
Source
"Attacker Drains $24M from AFX Bridge on Arbitrum" — The Defiant
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.
The exploit, which targeted the derivatives exchange's bridge, emptied $24 million worth of USD Coin (USDC) from the contract.
A spokesperson for Blockaid confirmed the security firm is investigating the incident, which highlights the ongoing risk of bridges being exploited.
ARB · 7D · $0.0807−1.9%
