AFX Trade Suffers Bridge Exploit On Arbitrum, Draining Over $24 Million In Stablecoin USDC
In a recent setback for DeFi ecosystem participants active on Arbitrum, the perpetuals trading platform AFX Trade experienced a substantial security breach targeting one of its proprietary bridges. Blockchain security firm Blockaid first identified the incident around 21:30 UTC on July 22, 2026, reporting that attackers had extracted approximately $24.15 million in USDC from the […]