#afxtrade — Public Fediverse posts

And the Crypto Hacks keep on keeping on!

Crypto exchange AFX Trade that settles in dollar-pegged stablecoin USDC was robbed of ~ $24.15M on Wed >> essentially the bandit got away with
total value locked in the protocol!

The attackers were able to compromise the private signing keys (hot keys) held offchain by the bridge operators or validators. The hacked keys were then used to validate signatures authorizing (fooling) the SmartContract to execute the USDC withdrawal, and the contract executed the trade. https://www.coindesk.com/tech/2026/07/23/arbitrum-based-afx-trade-drained-of-usd24-million-after-bridge-keys-compromised #Crypto #CryptoCurrencies #USDC #Arbitrum #AFXTrade #Hack #PrivateKeys #BlockChain #Layer-2-Network #Security #CryptoSecurity #SmartContract #Validators #StableCoin #Cryptography

And the Crypto Hacks keep on keeping on!

Crypto exchange AFX Trade that settles in dollar-pegged stablecoin USDC was robbed of ~ $24.15M on Wed >> essentially the bandit got away with
total value locked in the protocol!

The attackers were able to compromise the private signing keys (hot keys) held offchain by the bridge operators or validators. The hacked keys were then used to validate signatures authorizing (fooling) the SmartContract to execute the USDC withdrawal, and the contract executed the trade. https://www.coindesk.com/tech/2026/07/23/arbitrum-based-afx-trade-drained-of-usd24-million-after-bridge-keys-compromised #Crypto #CryptoCurrencies #USDC #Arbitrum #AFXTrade #Hack #PrivateKeys #BlockChain #Layer-2-Network #Security #CryptoSecurity #SmartContract #Validators #StableCoin #Cryptography

And the Crypto Hacks keep on keeping on!

Crypto exchange AFX Trade that settles in dollar-pegged stablecoin USDC was robbed of ~ $24.15M on Wed >> essentially the bandit got away with
total value locked in the protocol!

The attackers were able to compromise the private signing keys (hot keys) held offchain by the bridge operators or validators. The hacked keys were then used to validate signatures authorizing (fooling) the SmartContract to execute the USDC withdrawal, and the contract executed the trade. https://www.coindesk.com/tech/2026/07/23/arbitrum-based-afx-trade-drained-of-usd24-million-after-bridge-keys-compromised #Crypto #CryptoCurrencies #USDC #Arbitrum #AFXTrade #Hack #PrivateKeys #BlockChain #Layer-2-Network #Security #CryptoSecurity #SmartContract #Validators #StableCoin #Cryptography

And the Crypto Hacks keep on keeping on!

Crypto exchange AFX Trade that settles in dollar-pegged stablecoin USDC was robbed of ~ $24.15M on Wed >> essentially the bandit got away with
total value locked in the protocol!

The attackers were able to compromise the private signing keys (hot keys) held offchain by the bridge operators or validators. The hacked keys were then used to validate signatures authorizing (fooling) the SmartContract to execute the USDC withdrawal, and the contract executed the trade. https://www.coindesk.com/tech/2026/07/23/arbitrum-based-afx-trade-drained-of-usd24-million-after-bridge-keys-compromised #Crypto #CryptoCurrencies #USDC #Arbitrum #AFXTrade #Hack #PrivateKeys #BlockChain #Layer-2-Network #Security #CryptoSecurity #SmartContract #Validators #StableCoin #Cryptography

And the Crypto Hacks keep on keeping on!

Crypto exchange AFX Trade that settles in dollar-pegged stablecoin USDC was robbed of ~ $24.15M on Wed >> essentially the bandit got away with
total value locked in the protocol!

The attackers were able to compromise the private signing keys (hot keys) held offchain by the bridge operators or validators. The hacked keys were then used to validate signatures authorizing (fooling) the SmartContract to execute the USDC withdrawal, and the contract executed the trade. https://www.coindesk.com/tech/2026/07/23/arbitrum-based-afx-trade-drained-of-usd24-million-after-bridge-keys-compromised #Crypto #CryptoCurrencies #USDC #Arbitrum #AFXTrade #Hack #PrivateKeys #BlockChain #Layer-2-Network #Security #CryptoSecurity #SmartContract #Validators #StableCoin #Cryptography