AFX Announces a User Compensation Plan to be Released on August 3
2026-07-31 16:44:29
According to CoinMeta, AFX announced that it will release a compensation plan for users affected by the bridge hacking attack last week, which amounted to 24.15 million US dollars. The decentralized derivatives protocol is finalizing the compensation scheme and will announce the details on Monday. AFX stated that investors, employees, and early supporters were all affected by this attack and requested the community to be patient while the final proposal is completed. The attack resulted in the theft of approximately 24.15 million US dollars of USDC from the custody bridge operated by AFX. Investigations revealed that the attackers gained the trust of the developers through social engineering tactics and then infiltrated the internal development systems.
Source:Cryptonews
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