AFX Trade Suffers Coordinated Social Engineering Attack

A recent investigation by AFX Trade has revealed that it suffered a coordinated social engineering and infrastructure breach. The attackers gained access through the development environment, escalated privileges to internal build infrastructure and validator systems.

The team's priority is to protect affected users, and they are verifying impacted balances, recovering funds, and preparing a structured remediation plan.

The incident resulted in the loss of approximately 24 million USDC from AFX Trade's Arbitrum cross-chain bridge. The development environment was compromised, allowing attackers to escalate privileges to internal systems.