Offchain Labs stated the incident concerned a third-party protocol and didn’t have an effect on Arbitrum’s native bridge infrastructure.
AFX Protocol, a decentralized perpetual alternate working on Arbitrum, reportedly misplaced $24.15 million on Wednesday in an exploit concentrating on one among its crosschain bridges.
Blockaid stated Wednesday it detected an exploit at 9:30 p.m. UTC concentrating on a bridge operated by AFX. Offchain Labs co-founder Stephen Goldfeder confirmed a bridge hack had affected a third-party protocol.
Lookonchain stated the exploiter bridged 24.15 million USDC (USDC) to Ethereum, shopping for 12,467 ETH at a mean worth of $1937.
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