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AFX Trade preliminarily confirms coordinated social engineering and infrastructure attack

Bitget • July 25, 2026

Foresight News reported that AFX Trade stated in a that a preliminary investigation shows it previously suffered a coordinated social engineering and infrastructure breach. The attackers appear to have gained access through the development environment, then escalated privileges to internal build infrastructure and validator systems. The current priority is to protect affected users, and the team is verifying impacted balances, recovering funds, and preparing a structured remediation plan.

According to a Foresight News report, PeckShield monitoring indicates that the AFX Trade Arbitrum cross-chain bridge was hacked, resulting in the loss of approximately 24 million USDC.

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This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

AFX Trade Suffers Major Social Engineering and Infrastructure Attack On July 25, 2026, AFX Trade confirmed a coordinated social engineering and infrastructure attack. The attackers gained access through the development environment, escalating privileges to internal build infrastructure and validator systems. The breach has reportedly led to the hacking of the AFX Trade Arbitrum cross-chain bridge, resulting in losses of approximately 24 million USDC. AFX Trade is currently focused on protecting affected users, verifying compromised balances, recovering funds, and implementing a structured remediation plan. The incident highlights vulnerabilities in development environments and the importance of robust security measures. 3 sources 66

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AFX Trade preliminarily confirms coordinated social engineering and infrastructure attack

The full story

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Attack Types (1)

Companies (2)

MITRE ATT&CK (1)