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

DecryptThursday, July 23, 2026 at 10:24 AM

RedScroll Brief

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

The exploit hit a custody bridge AFX operates rather than the Arbitrum network itself, with the stolen funds quickly moved to Ethereum.

Desk copy

RedScroll Briefing

Extractive editorial brief — not a reprint of the original

What happened

The exploit hit a custody bridge AFX operates rather than the Arbitrum network itself, with the stolen funds quickly moved to Ethereum.

Why it matters

Crypto moves are a live stress test of liquidity, regulation, and narrative risk.

Background

Decrypt reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.

Timeline

  1. Decrypt published: Arbitrum Perp DEX AFX Trade Drained of $24M, Offers Hacker 30% to Return It

  2. Story is in today’s RedScroll edition. Follow the original source for updates.

Economic impact

Watch liquidity and volatility around Arbitrum Perp and Trade Drained — crypto markets reprice narrative risk quickly.

More on

Related stories

Sources

Decryptoriginal reporting. RedScroll provides an extractive briefing only.