AFX Trade exploit drains $24M USDC via Arbitrum bridge
The attacker bridged the stolen stablecoin to Ethereum and swapped into 12,467 ETH before the team could respond, a textbook cross-chain drain pattern.
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The attacker bridged the stolen stablecoin to Ethereum and swapped into 12,467 ETH before the team could respond, a textbook cross-chain drain pattern.
The pause puts affected pools and liquidity providers on alert as investigators assess a cross-chain bridge attack involving a flash loan.
October's $50M+ loss proved unrecoverable: no new financing, no growth, and no path back — the protocol will keep running for user exits but stops building.
Echo, a BTCFi protocol building around an eBTC market on the Monad blockchain, has been exploited according to onchain…
Borrowing caps are back on, but the exploit funneled the borrowed ETH through a sanctioned mixer — the borrowing-market plumbing is patched, the regulatory tail is not.