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Home›Crypto›Market Structure›Arbitrum AFX Trade exploit funds bridged and swapped f…

Arbitrum AFX Trade exploit funds bridged and swapped for ETH

Blockaid said the attacker moved stolen funds from Arbitrum to Ethereum and converted them into 12,467 ETH.

Reported · Written up by our desk · Market Structure

Blockchain security firm PeckShield, cited by The Block, flagged activity tied to an AFX Trade exploit on Arbitrum.

According to the reporting, the attacker bridged the stolen funds from Arbitrum to Ethereum and then swapped the assets for 12,467 ETH.

The Blockaid analysis highlighted how the cross-chain movement and conversion process helped move the exploit proceeds onto Ethereum.

Latest closeEthereum $1,889.94 ▲0.5%

← Newer story$31.6M stolen in two crypto bridge exploits on Arbitrum and Ethereum

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Sources

The BlockArbitrum protocol AFX Trade hit by $24 million bridge exploit: Blockaid

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