AFX Protocol has reportedly lost $24 million due to a bridge exploit involving a third-party protocol, according to CoinTelegraph. The incident highlights ongoing vulnerabilities in cross-chain bridge mechanisms within the crypto space.
Offchain Labs, the team behind Arbitrum, clarified that the exploit did not impact Arbitrum’s native bridge infrastructure, suggesting the issue was isolated to the third-party protocol integrated with AFX Protocol.
For Japanese investors closely monitoring DeFi risks and cross-chain technologies, this event underscores the importance of security scrutiny when engaging with third-party protocols on blockchain bridges.