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

By https://coinpedia.org/ on July 23, 2026

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 …

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