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AFX Exploited for $24 Million as Hacker Converts Stolen USDC to ETH
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Blockchain security firm PeckShieldAlert reported that AFX on the Arbitrum network was exploited for approximately $24 million in USDC. The attacker bridged the stolen funds from Arbitrum to Ethereum and swapped them for 12,467.5 ETH, which is currently held in a single wallet. The incident is under investigation, and market participants are awaiting further details from the AFX team.
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