Decentralized Derivatives Protocol AFX to Announce Compensation Plan on August 3

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The decentralized derivatives market protocol AFX will disclose its goodwill compensation plan on August 3, according to on-chain data and reporting by Chaincatcher. The plan follows a $24.15 million USDC loss resulting from a bridge vulnerability attack on July 22. AFX stated that investors, team members, and early supporters were all affected and urged the community to await the final details.

ChianCatcher report: The decentralized derivatives trading protocol AFX has announced that a goodwill compensation plan in response to the recent security incident is underway and will be disclosed on August 3 (Monday). AFX stated that investors, the team, and early supporters have all been affected by this incident, and urged the community to patiently await the final resolution. Previously, on July 22, AFX suffered a bridge vulnerability exploit, resulting in a loss of approximately $24.15 million in USDC.

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