AFX Trade Bridge Drained of $24.15M USDC on Arbitrum, Attacker Swaps for 12,467 ETH

The AFX Trade Bridge exploit has sent shockwaves across the DeFi space. On July 22, 2026, an attacker drained exactly $24.15 million in USDC from a custody bridge operated by AFX Trade on Arbitrum. Security firm Blockaid detected the breach at approximately 21:30 UTC, confirming that the attack was specific to an AFX Trade bridge exploit and did not touch Arbitrum’s native bridge.