AFX deposit bridge drained ~$24M USDC on Arbitrum
A third-party deposit rail for the AFX perp DEX was emptied of about 24.15 million USDC. Arbitrum’s own native bridge was not hit. Offchain Labs confirmed the bad transaction targeted AFX’s contract, not chain infrastructure.
369 take: “On Arbitrum” often means a custom deposit bridge, not the canonical bridge. Short dispute windows and hot-validator-signed withdrawals are a full trust surface — treat them like mint authority before you deposit.