Arbitrum Perp DEX AFX Trade Drained of $24M, Offers Hacker 30% to Return It
Decrypt·
60-second summary
A hacker exploits a custody bridge operated by AFX, draining $24M from the Arbitrum Perp DEX AFX Trade. The stolen funds are quickly transferred to Ethereum. AFX offers the hacker a 30% reward to return the stolen money, highlighting a potential negotiation to mitigate losses. Market implications remain uncertain as the situation unfolds.
The exploit hit a custody bridge AFX operates rather than the Arbitrum network itself, with the stolen funds quickly moved to Ethereum.