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Security firm Blockaid says the AFX Trade exploit drained roughly 24.15 million USDC, an early estimate of the losses tied to the reported compromise of the Arbitrum-based trading platform.The figure was attributed to <a href="https://x.com/blockaid_" rel="noopener noreferrer nofollow">Blockaid</a>, which flagged the incident as an exploit affecting AFX Trade. The company put the drained amount at roughly 24.15 million USDC, the dollar-pegged stablecoin issued by Circle. For related coverage, see <a href="https://www.marketbit.net/eth-whales-sell-55m-eth-report-telegram/" rel="noopener noreferrer nofollow">ETH Whales Sell $55M in ETH, Report Says</a>.AFX Trade was identified as the exploited platform in the coverage. <a href="https://www.coindesk.com/tech/2026/07/23/arbitrum-based-afx-trade-drained-of-usd24-million-after-bridge-keys-compromised" rel="noopener noreferrer nofollow">CoinDesk reported</a> that the Arbitrum-based platform was drained of about $24 million after its bridge keys were compromised. For related coverage, see <a href="https://www.marketbit.net/tesla-did-not-sell-bitcoin-q2-2026/" rel="noopener noreferrer nofollow">Tesla Says It Did Not Sell Any of Its Bitcoin in Q2 2026</a>.AFX Trade acknowledged the situation on its official <a href="https://x.com/AFX_XYZ/status/2080126901205770734" rel="noopener noreferrer nofollow">X account</a>. The extent of the platform's response and any recovery efforts were not detailed in the early reporting. For related coverage, see <a href="https://www.marketbit.net/best-crypto-open-interest-dashboards-2026/" rel="noopener noreferrer nofollow">10 Best Crypto Open Interest Dashboards in 2026</a>.<h2 id="why-the-reported-loss-is-an-estimate-not-a-final-total">Why the Reported Loss Is an Estimate, Not a Final Total</h2>The drained amount is described as roughly 24.15 million USDC rather than a reconciled figure. Early security-incident reporting typically begins with provisional estimates that can shift as forensic reviews continue.Because USDC is dollar-pegged, the reported scale of the loss maps directly to a dollar value, making the exploit easy to contextualize. Readers should still distinguish this early estimate from any final confirmed total that AFX Trade or investigators may publish later.Blockaid's role here is that of a monitoring firm surfacing an alert, not a party confirming the platform's own accounting. The company has previously provided real-time protection integrations elsewhere in the ecosystem, including its <a href="https://www.marketbit.net/tron-dao-integrates-blockaid-security/" rel="noopener noreferrer nofollow">work with TRON DAO on real-time security</a>.<h2 id="what-the-exploit-could-mean-for-defi-users">What the Exploit Could Mean for DeFi Users</h2>An incident of this reported size raises immediate questions about user-fund exposure and platform risk for anyone with assets on AFX Trade. The bridge-key compromise cited by CoinDesk points to infrastructure risk rather than a single trading position gone wrong.Bridge and cross-chain infrastructure has repeatedly been a target in DeFi, and the security posture of these systems continues to draw regulatory attention, including from officials weighing <a href="https://www.marketbit.net/sec-commissioner-hester-peirce-says-defi-vaults-may-be-securities/" rel="noopener noreferrer nofollow">how DeFi vaults should be classified</a>.For now, the most important next step is confirmation from AFX Trade or other primary sources on the exact amount, the containment measures taken, and whether any funds can be recovered. Until those details are published, the 24.15 million USDC figure should be treated as a preliminary estimate.Additional source references: <a href="https://publish.twitter.com/oembed?url=https://x.com/blockaid_/status/2080080240265621680&amp;omit_script=true" rel="noopener noreferrer nofollow">source document 1</a>.Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.<a href="https://www.marketbit.net/?p=16996" rel="noopener noreferrer nofollow">Read original article on marketbit.net</a>

Blockaid Says AFX Trade Exploit Drained Roughly 24.15 Million USDC

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