AFX Trade/AFX Protocol on Arbitrum suffered a $24.15 million loss from exploiting a cross-chain bridge they operate, while Arbitrum’s native bridge remained secure. Blockaid detected the breach at 21:30 UTC, and On-Chain data shows the attacker bridged USDC to Ethereum and purchased 12,467 ETH. Officials emphasize the incident originated with a third-party protocol and did not affect Arbitrum’s core infrastructure. Investigations, including PeckShield, trace the stolen assets to a single wallet, marking one of July’s rising waves of bridge hacks. Authorities note the breach is contained to peripheral bridges, with ongoing efforts to recover funds and assess potential freezes. The report omits the Verus Protocol’s bridge losses, which were cited in earlier reports as part of the event.