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.
Read Full Article at DecryptSupport Jornal Bitcoin
Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.
jonata@walletofsatoshi.comDaily Crypto Brief 📬
Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.
Join more than 10,000 smart readers.
Related News
Pendle Finance's Massive 2026 Bet: Dominating RWAs and Institutional DeFi
By bridging the gap between traditional finance and decentralized protocols, Pendle is positioning itself to capture massive liquidity from the RWA sector. This strategic pivot toward institutional DeFi ensures that the platform remains at the forefront of the next evolution in on-chain asset management.
The Ultimate Test: Why Bitcoin Bulls Face an Unprecedented Challenge in Its 17-Year History
As we look toward upcoming market cycles, the implications for Bitcoin holders are profound. The convergence of macroeconomic factors and liquidity shifts suggests that this isn't just another correction, but a fundamental stress test for the entire cryptocurrency ecosystem and its long-term price discovery mechanisms.
Bitcoin Hits a Holding Pattern: Can the July Rally Sustain Momentum?
While the primary focus remains on Bitcoin's consolidation, the session saw unexpected volatility in the altcoin sector, specifically with WLFI surging by 12%. This divergence highlights a market that is currently digesting recent gains while searching for the next major narrative to drive liquidity.
Florida Pastor Sues OpenAI: Claims ChatGPT Advice Led to Life-Threatening Emergency
This legal challenge explores the dangerous intersection of artificial intelligence and medical advice. As the case progresses, it will scrutinize how AI models handle high-stakes health queries and whether tech giants can be held liable for the physical consequences of algorithmic errors and misleading conversational patterns.
The End of an Era: BitMEX to Shut Down Completely
This shutdown represents more than just the closure of a platform; it is the sunset of the entity that established the rules for the perpetual swap market. As the industry evolves, the exit of such a foundational player forces rivals to contend with a new era of competition in the high-stakes world of crypto trading.
WLD Price Prediction: Dead Cat Bounce or Dead Drop? $0.36 Is the Final Floor
While smart money indicators suggest long-term accumulation interest, the immediate weight of evidence favors sellers dominating the real-time flow. The $0.36 mark has emerged as the last real floor; failing to hold this critical support could trigger a significant downward spiral for the WLD token.
