AFX Exploited for $24 Million as Hacker Converts Stolen USDC to ETH

The post AFX Exploited for $24 Million as Hacker Converts Stolen USDC to ETH appeared first on Coinpedia Fintech News

Blockchain security firm PeckShieldAlert reported that AFX on the Arbitrum network was exploited for approximately $24 million in USDC. The attacker bridged the stolen funds from Arbitrum to Ethereum and swapped them for 12,467.5 ETH, which is currently held in a single wallet. The incident is under investigation, and market participants are awaiting further details …