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AFX Trade Confirms Social Engineering and Infrastructure Attack

AFX Trade Confirms Social Engineering and Infrastructure Attack

Kucoin July 25, 2026

ME News reports that on July 25 (UTC+8), AFX Trade tweeted that an initial investigation revealed a coordinated social engineering and infrastructure compromise. The attackers appeared to have gained access through the development environment and subsequently escalated privileges to internal build infrastructure and validator systems. The current priority is protecting affected users; the team is verifying compromised balances, recovering funds, and preparing a structured remediation plan. Previously, Foresight News reported that, according to PeckShield monitoring, the AFX Trade Arbitrum cross-chain bridge was hacked, resulting in losses of approximately 24 million USDC. (Source: Foresight News)

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