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AFX Trade Suffers Major Social Engineering and Infrastructure Attack

AFX Trade Suffers Major Social Engineering and Infrastructure Attack

First seen 25 Jul 2026, 21:39 UTC • •
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ThreatCluster AI
ThreatCluster •July 26, 2026 at 20:35 UTC
  • •AFX Trade confirmed a coordinated social engineering and infrastructure attack.
  • •The breach resulted in losses of around 24 million USDC from the Arbitrum cross-chain bridge.
  • •Current efforts are focused on user protection and fund recovery.

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.

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Updated 56d ago How this analysis works

Timeline

2026-07-25
AFX Trade confirms attack
AFX Trade tweeted about a coordinated social engineering and infrastructure attack affecting its systems.
Kucoin
2026-07-25
Losses reported from cross-chain bridge
PeckShield monitoring indicated that the AFX Trade Arbitrum cross-chain bridge was hacked, resulting in losses of approximately 24 million USDC.
Bitget

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Extracted Entities (4)

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