Cross-Chain Security Breach Costs $35 Million as Bitcoin and Ethereum Protocols Hit

A security breach has hit two critical components of cross-chain infrastructure, resulting in a loss of $35 million. The incidents involved AFX Trade on Arbitrum and the Verus Ethereum bridge, both linked to Bitcoin and Ethereum.

The AFX Trade protocol experienced a loss of approximately $24.15 million in USDC due to compromised bridge keys.

The breach highlights ongoing vulnerabilities in the operational security of these systems and underscores the broader trend of security challenges within the DeFi ecosystem, particularly involving bridge and private-key compromises.