AFX XYZ: Arbitrum Bridge Drained of 24.15M USDC

AFX XYZ Perp DEX lost 24.15M USDC from its Arbitrum bridge in a suspected exploit three hours ago, with funds bridged to Ethereum and swapped for 12,467.4 ETH at the $1,937 level.

Blockaid flagged the incident at 2026-07-22 21:30 UTC, highlighting ongoing risks in cross-chain bridge hacks on Arbitrum amid a broader crypto market crash environment.

ETH price prediction models now incorporate fresh data from the 4h chart where price sits at $1935.11 inside Bollinger Bands with upper resistance at $1961.29; the structure remains bullish above EMA50 support at $1884.03 yet MACD death cross at 16.89 warns of near-term exhaustion before any sustained move higher.