Barely a week after the Ostium oracle exploit hit Arbitrum, another perpetuals DEX on the same network was drained. On July 22, 2026, AFX Trade lost roughly $24.15 million USDC after an attacker compromised the validator signing keys behind a bridge the protocol operates. The stolen funds were moved to Ethereum and swapped for around 12,467 ETH — nearly emptying the platform's total value locked.