Arbitrum protocol AFX Trade hit by $24 million bridge exploit: Blockaid

A major exploit on Arbitrum's AFX Trade protocol has resulted in a loss of $24 million, as the attacker successfully bridged the stolen funds to Ethereum and converted them into 12,467 ETH. PeckShield, a security firm, was the first to flag this incident, highlighting the vulnerabilities in cross-chain bridges. This breach underscores the ongoing security challenges in decentralized finance, raising concerns about the safety of assets moving between different blockchain networks. Such incidents emphasize the need for robust security measures and continuous monitoring in the crypto space.