AFX schedules Aug. 3 goodwill plan following $24.15M bridge hack

AFX has announced that it has prepared a goodwill plan for users affected by last week’s $24.15 million bridge exploit, with the recovery proposal scheduled for release on Aug. 3. Summary AFX will announce a goodwill plan for users affected by its $24.15 million bridge exploit on Aug. 3. The protocol said its investigation found the attack began with a social engineering campaign that compromised internal development infrastructure. AFX said the exploit targeted its own custody bridge and did not affect Arbitrum’s native bridge. The protocol has rebuilt key infrastructure and introduced additional security measures while recovery efforts continue. According to an announcement shared by AFX, the decentralized derivatives protocol is finalizing a goodwill plan following the July 22 security incident and will publish the details on Monday, Aug. 3. The team said investors, employees and early supporters had all been affected by the attack and asked the community to remain patient while it completes the final proposal. We want to share a brief update with the community. A goodwill plan is currently in process following the recent security incident, and will be unveiled on Monday August ...