CoinDesk·3 min read·hard
Arbitrum-based AFX Trade drained of $24 million after bridge keys compromised
S
Shaurya Malwa
✦AI Summary
The Arbitrum-based protocol AFX Trade lost $24 million after its bridge validator keys were compromised, allowing an attacker to drain the vault. Developers clarified that the underlying Arbitrum network remained secure, as the breach was isolated to the third-party protocol's specific bridge implementation.
Steven Goldfeder, co-founder of Offchain Labs, which develops and maintains the network, said the Arbitrum native bridge "has not been hacked or exploited in any way" and that the transaction originated from a third-party protocol.
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