What is a cross-chain bridge?

A cross-chain bridge allows users to transfer digital assets between different blockchain networks. These bridges help improve interoperability across the cryptocurrency ecosystem.

Did the attack affect the AFX Protocol blockchain?

According to the report, the exploit targeted AFX Protocol's bridge rather than its underlying blockchain. The incident affected assets moving through the bridge.

What has AFX Protocol done after the exploit?

AFX Protocol paused bridge operations and began investigating the attack. The team said it is working with security partners to trace the stolen funds.

Why are cross-chain bridges often targeted?

Cross-chain bridges frequently hold significant amounts of digital assets. This makes them attractive targets for attackers seeking to exploit software vulnerabilities.

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AFX Protocol loses $24M in bridge hack

Written by Liezl GambePublished Jul 23, 2026, 2:38 AM

AFX Protocol reportedly lost about US$24 million after attackers exploited its cross-chain bridge.
The exploit targeted the bridge rather than the underlying blockchain.
The team said it is investigating the incident and working to recover affected funds.

AFX Protocol reportedly lost about US$24 million after attackers exploited a vulnerability in its cross-chain bridge, according to blockchain security reports.

The exploit affected assets transferred through the bridge, while the underlying blockchain network continued operating normally.

The AFX Protocol team said it is investigating the incident and is working with security partners to trace the stolen funds and assess the damage.

The protocol paused bridge operations following the attack as it reviewed the exploit and considered additional security measures.

AFX Protocol is continuing its investigation, and there was no share price reaction because the project is not a publicly listed company.

Cross-chain bridges allow users to move digital assets between different blockchains, but they have remained a common target for cyberattacks because they often hold large pools of funds.

Several major bridge exploits have occurred in recent years, prompting blockchain developers to strengthen security practices and increase code audits across decentralised finance platforms.