AFX Trade Hackers Convert 12,467 ETH to BTC Following Arbitrum Bridge Exploit

Attackers linked to AFX Trade swapped 12,467 ETH for BTC after draining ~$24M USDC from an Arbitrum bridge on July 23.

Woofun AI reports that individuals associated with the AFX Trade incident have converted 12,467.4 ETH into BTC. This activity follows a July 23 exploit targeting the Arbitrum cross-chain bridge used by AFX Trade, which resulted in the loss of approximately 24 million USDC. The perpetrators subsequently moved the stolen assets from Arbitrum back to the Ethereum network before executing the token swap.