Last checked
RefreshEstimated news impact scores by coin. Scores are not price-change percentages.
Check failed. Showing saved news from .
THE BLOCK: AFX has offered its exploiter a white-hat deal, letting the attacker keep 30% of the roughly $24 million stolen in exchange for returning the remaining 70%. The offer was posted on AFX's official X account and delivered directly to the exploiter via an onchain message.
🧵1/3 ⚠️Three major security incidents occurred within 24 hours, resulting in total losses of over $35 million ❗️ Three major Web3 security incidents occurred within the past 24 hours, including two social engineering fraud and private key compromise incidents, as well as one smart contract verification logic vulnerability. ——Even more concerning, one of the projects was attacked for the second time within three months! The Web3 security landscape remains challenging, highlighting the urgent need for upgraded security paradigms! Attacked Project 1️⃣: @AFX_XYZ's cross-chain bridge on #Arbitrum was exploited, resulting in losses of approximately $24.15 million. Root cause: The private keys of 5 hot validators were compromised. The attacker used sufficient voting power (7,142/10,000 > 2/3) to approve fraudulent withdrawals, and the contract executed them as designed. Afterwards, the attacker bridged the stolen ~24.15 million USDC to Ethereum and converted it into 12,467.437 ETH. Attacker addresses: 0x2f2974fAbc54dbA33442261211c06BD20E0FEefc 0x627654B2782bfC57580ecD11d40869b350B6ebAC Affected contract address: 0xCb3B9A3E5668AFE84DC7A864B36b845dCE062e67 Attack transactions: Vote 👉https://arbiscan.io/tx/0x217c45c1272550e0439e53243f2987b7fb3f58b1d33c222597bbb71851b93f74 Transfer 👉https://arbiscan.io/tx/0x50d0b3ec6c3f5fce0f10abf81540bbb508f421494aa2b3480c4a264b0436547b
UPDATE: Three crypto exploits in a single day, $35.55M in total losses. @AFX_XYZ: $24.15M @VerusCoin: $7.55M @BSquaredNetwork: $3.86M
Is today Hackers' Day? Three exploits have already happened today, with total losses of $35.55M. AFX Trade(@AFX_XYZ) was exploited for $24.15M. Verus(@VerusCoin) Ethereum bridge was exploited for $7.55M. B² Network(@BSquaredNetwork) was exploited for $3.86M.
AFX Trade(@AFX_XYZ) was exploited for $24.15M! The exploiter bridged 24.15M $USDC to #Ethereum and bought 12,467 $ETH at an average price of $1,937. https://arkm.com/explorer/address/0x2f2974fAbc54dbA33442261211c06BD20E0FEefc
AFX-Operated Bridge Loses $24.15 Million in USDC Exploit Onchain security firm Blockaid said it detected an attack on a cross-chain bridge operated by Arbitrum-based protocol AFX at 21:30 UTC on July 22, with about 24.15 million USDC stolen. USDC is a U.S. dollar-pegged stablecoin issued by Circle. The compromised bridge was operated independently by AFX and was not Arbitrum’s official bridge.
Showing 8 of 8 stories. Filters apply to the full news archive.