Perpetual DEX AFX Trade Hit by Hack; 24.15 Million USDC Stolen

AI Market Summary

A suspected compromise of Perp DEX AFX Trade's Arbitrum bridge reportedly led to $24.15m USDC being drained, bridged to Ethereum, and swapped into 12,467.4 ETH. The incident highlights acute smart-contract and bridge risk, typically tightening risk appetite across DeFi and Layer-2 ecosystems, raising counterparty concerns, and increasing near-term volatility in ETH-linked flows.

Impact level

● High

Affected assets

ETH/USDT-0.33%

AI Insight · ETH/USDTAI Insight

▼ Bearish

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BlockBeats reported that on July 23, on-chain monitor Yujin flagged a suspected breach of Perp DEX AFX Trade's Arbitrum bridge about three hours earlier, with 24.15 million USDC reported stolen. The USDC reportedly left via abnormal bridge outflows, was then moved cross-chain to Ethereum, and swapped for 12,467.4 ETH at $1,937 per ETH.

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