Odaily Planet Daily reports: At 5:30 AM Beijing time on July 23, the Arbitrum ecosystem protocol AFX suffered an attack targeting its cross-chain bridge. As of now, approximately 24.15 million USDC have been stolen. Blockaid stated it is collaborating with the Arbitrum team to respond to the incident, communicate with affected protocols, and assist in freezing the stolen funds. Steven Goldfeder, co-founder of Offchain Labs, said the Arbitrum team has become aware of reports regarding the cross-chain bridge attack on Arbitrum and is currently investigating. Goldfeder confirmed that the related transactions originated from a third-party protocol; the native Arbitrum bridge was not attacked or exploited, and the team will coordinate with the third-party team to provide further details.
Arbitrum Ecosystem Protocol AFX Cross-Chain Bridge Hacked, 24.15M USDC Stolen
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Summary
On-chain news broke on Tuesday that the Arbitrum ecosystem protocol AFX suffered a cross-chain bridge hack, resulting in the theft of 24.15 million USDC. Blockaid is collaborating with Arbitrum to freeze the stolen funds and support affected protocols. Steven Goldfeder of Offchain Labs confirmed the team is investigating and emphasized that the attack originated from a third-party protocol. The Arbitrum native bridge remains secure. A protocol update is expected as the team coordinates with external partners.
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