AFX Trade announced it will present a "goodwill plan" on August 3 to compensate those affected by a $24 million breach that happened on July 22. The attack exploited a fraudulent job offer, tricking a developer into installing malware that compromised the platform's USDC custody bridge on Arbitrum.
The company provided limited details in the recent update shared on their X account, asking users for patience while finalizing the compensation strategy. They acknowledged that investors, employees, and early supporters were all impacted but didn’t disclose specifics such as payout amounts, eligibility, or timing.
A deeper look into the breach and aftermath
Security firm Blockaid put the loss at $24.15 million, making it one of the significant infrastructure attacks recorded so far this year, a trend marked by fewer but larger breaches in 2026. Onchain analysts tracked the movement of stolen funds, highlighting the challenges of securing cross-chain assets amid growing exploitation tactics.
This incident highlights the ongoing risks DeFi platforms face, especially those operating custody bridges, which continue to attract sophisticated attackers. Users remain anxious for clarity on whether and how they will recover their funds as many await the August 3 announcement.
This content is for informational purposes only and should not be taken as financial advice.
