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.

Key Points: • 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.