Arbitrum Perp DEX AFX Trade Drained of $24M, Offers Hacker 30% to Return It

A perp DEX on Arbitrum, AFX Trade, was exploited for $24M, primarily due to a vulnerability in a custody bridge it operates. The funds were quickly moved to Ethereum. AFX has offered the hacker 30% to return the stolen assets. This event highlights security risks in the DeFi space and could negatively impact investor confidence in Arbitrum-based projects and the broader crypto market.