Arbitrum protocol AFX Trade hit by $24 million bridge exploit: Blockaid

60-second summary

The Arbitrum protocol's AFX Trade is currently being exploited, with over $24 million in funds stolen from the bridge. PeckShield has flagged that the attacker has bridged the stolen funds from Arbitrum to Ethereum and swapped them for 12,467 ETH, causing significant losses for users and raising concerns about the security of cross-chain bridges in the cryptocurrency market.