Arbitrum Perp DEX AFX Drained of $24M: Protocol Offers 30% Bounty to Hacker
A major security breach has struck AFX, a perpetual DEX on the Arbitrum network, resulting in a massive $24 million exploit. Intelligence confirms the vulnerability resided within a custody bridge operated by AFX rather than the Arbitrum network itself, with the stolen assets being swiftly bridged over to the Ethereum mainnet.
In a high-stakes attempt to recover the lost capital, AFX has officially offered the hacker a 30% bounty to return the funds. This incident underscores the persistent risks associated with custody bridges and highlights the urgent need for enhanced security audits within the decentralized finance (DeFi) ecosystem.
In a desperate bid to mitigate the fallout, AFX management has proposed a 30% reward to the attacker in exchange for the return of the stolen funds. The crypto community remains divided on whether such a white-hat bounty approach will successfully recover the assets or if the funds will be laundered through various obfuscation tools.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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