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Arbitrum-Based DEX AFX Trade Suffers $24M Exploit, Funds Moved to Ethereum

Published on July 23, 2026

Categories: Security Exploit Defi Arbitrum

AFX Trade, a decentralized exchange operating on Arbitrum, experienced a significant $24 million exploit. The attack targeted a custody bridge managed by AFX rather than the core Arbitrum network itself. Following the breach, the stolen funds were quickly transferred to the Ethereum blockchain. AFX Trade has reportedly offered the exploiter a 30% bounty to return the majority of the funds.

Arbitrum Perp DEX AFX Trade Drained of $24M, Offers Hacker 30% to Return It

The exploit hit a custody bridge AFX operates rather than the Arbitrum network itself, with the stolen funds quickly moved to Ethereum.

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A fractured digital bridge connecting two blockchain networks, with a significant amount of digital currency flowing away into a void. The background features elements of Arbitrum and Ethereum logos subtly integrated, with a dark, ominous atmosphere suggesting a security breach. Focus on themes of vulnerability and cyber theft in DeFi.