CZ Binance: DeFi Hacks Drain $35.5M
CZ Binance flags three DeFi exploits totaling $35.5M across Arbitrum and Ethereum bridges, including AFX Trade $24.15M loss.
SourceAnalysis
CZ Binance posted "Stay SAFU!" after three DeFi exploits drained $35.5 million within hours. AFX Trade suffered the largest hit at $24.15M when attackers drained its USDC custody bridge on Arbitrum. Verus lost $7.55M via its Ethereum Bridge after an import mechanism flaw enabled unbacked payouts, the second such breach since May. B² Network saw $3.86M stolen from its staking contract upgrade authority before operations were suspended. Bridge exploit patterns continue to expose custody weaknesses across chains.
CZ_BNB
@cz_binanceFounder and former CEO of Binance, the world's largest cryptocurrency exchange. Shares insights on cryptocurrency adoption, blockchain technology development, and personal perspectives on building in the Web3 space, while navigating regulatory challenges and industry evolution.
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