Arbitrum Perps DEX AFX Trade Hit by $24M Exploit, Offers Hacker 30% Bounty for Return

AFX Trade, a perpetual DEX on Arbitrum, reportedly suffered a $24M drain and is offering the attacker a 30% bounty to return funds. The incident highlights ongoing smart-contract and operational risks in DeFi, potentially pressuring risk appetite and liquidity on Arbitrum-linked protocols. Near-term market focus is likely to shift toward incident details, remediation steps, and potential contagion across ecosystem tokens.