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Hackers steal $31.6M in 2 crypto bridge attacks within 7 hours

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 14 Views

Hackers steal $31.6M in 2 crypto bridge attacks within 7 hours

AFX, a decentralized perpetual exchange operating on Arbitrum, reportedly lost $24.15 million on Wednesday, while the Verus Ethereum bridge was attacked hours later.

[Update 7:20 am UTC, July 23: Adds comments from Blockaid CEO Ido Ben Natan starting in the eighth paragraph.]

Hackers stole more than $31.6 million across two unrelated crypto bridge exploits spaced just hours apart, targeting bridges operated by decentralized perpetual exchange AFX and Verus Protocol.&

According to Blockaid, AFX, a decentralized perpetual exchange operating on Arbitrum, reportedly lost $24.15 million on Wednesday through a hack targeting one of its cross-chain bridges. Hours later, Blockaid said it detected an exploit targeting the Verus Ethereum Bridge that resulted in about $7.5 million in crypto being stolen.&

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