• About
  • Privacy Poilicy
  • Disclaimer
  • Contact
CoinInsight
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Ripple
  • Future of Crypto
  • Crypto Mining
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Ripple
  • Future of Crypto
  • Crypto Mining
No Result
View All Result
CoinInsight
No Result
View All Result
Home Ethereum

Two Ethereum bridges lose $31.7M within hours as third protocol halts staking

Coininsight by Coininsight
July 27, 2026
in Ethereum
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


AFX and the Verus-Ethereum bridge suffered about $31.69 million in combined losses within hours of each other, while B² Network separately suspended token staking after unauthorized access to a contract upgrade authority.

Blockaid said it detected the AFX exploit at about 21:30 UTC on July 22. An Arbitrum transaction recorded 24.15 million USDC leaving the bridge operated by AFX, a decentralized trading protocol on Arbitrum.

AFX suspended its USDC custody bridge and said the incident was isolated from its trading infrastructure, mainnet, and the Arbitrum network. The affected component was a third-party bridge, not Arbitrum’s native bridge.

In preliminary findings published July 24, AFX attributed the incident to coordinated social engineering and infrastructure compromise. The protocol said access appeared to begin in a development environment before escalating into internal build infrastructure and validator systems.

The next big DeFi exploit will start before the code is deployedThe next big DeFi exploit will start before the code is deployed
Related Reading

The next big DeFi exploit will start before the code is deployed

A new malware campaign targeting crypto developers shows how attackers can move upstream, stealing GitHub tokens, SSH keys, cloud credentials, wallets, and environment variables before a protocol ever ships vulnerable code.

May 26, 2026 · Gino Matos

AFX said it was verifying balances, pursuing fund recovery and preparing remediation. As of July 24, it had not announced a completed return of funds or a finalized compensation plan.

Related articles

Native Grants Honduras & Colombia Roundup

Native Grants Honduras & Colombia Roundup

July 25, 2026
BitMine is now $484 million away from finishing its 5% Ethereum goal

BitMine is now $484 million away from finishing its 5% Ethereum goal

July 25, 2026

Hours after the AFX incident, an Ethereum transaction showed the Verus bridge releasing 1,137.4528 ETH and seven token transfers. Blockaid valued the unbacked payouts at about $7.54 million.

SlowMist’s analysis said the bridge approved eight withdrawals without proving that matching assets backed them. The firm linked the failure to the same broad cross-chain import-validation class as a May exploit, but said the two attacks used different mechanics.

CryptoSlate Daily Brief

Daily signals, zero noise.

Market-moving headlines and context delivered every morning in one tight read.

5-minute digest 100k+ readers

Free. No spam. Unsubscribe any time.

Whoops, looks like there was a problem. Please try again.

You’re subscribed. Welcome aboard.

Crypto users told to pull funds after Ethereum L2 bridge failure exposes rollup exit riskCrypto users told to pull funds after Ethereum L2 bridge failure exposes rollup exit risk
Related Reading

Crypto users told to pull funds after Ethereum L2 bridge failure exposes rollup exit risk

The incident forced users to confront the part of rollup security that usually stays invisible: whether they can still withdraw when the bridge layer breaks.

Jun 23, 2026 · Liam ‘Akiba’ Wright

B²’s incident was not disclosed as a bridge exploit. The network said there was unauthorized access to its staking contract’s upgrade authority. B² suspended normal staking during security reviews, said the issue was contained, and promised full compensation to affected users. It had not documented completed restitution as of July 24.

B² also offered a manual exit: users could request unstaking through its official Discord, with ownership-verified requests to be processed within one business day. The network did not state a loss amount, so its incident is excluded from the $31.69 million bridge-loss total. Until normal staking resumes, that manual review is the route B² offered users seeking to withdraw staked tokens.

DeFi’s automated yield protocols were built for retail, now they just add another layer of riskDeFi’s automated yield protocols were built for retail, now they just add another layer of risk
Related Reading

DeFi’s automated yield protocols were built for retail, now they just add another layer of risk

Stake DAO’s vsdCRV exploit shows how automated yield products can turn DeFi complexity into a black box for retail users.

May 28, 2026 · Gino Matos

The three episodes exposed different controls outside base-chain consensus. AFX’s custody and validator infrastructure, Verus’s bridge-accounting checks, and B²’s staking-contract upgrade authority each became the point where normal access failed.

For users, the next test is whether recovery plans return funds, whether cross-chain validation verifies economic backing and whether upgrade authority is protected without making emergency exits depend on manual intervention.

Share76Tweet47

Related Posts

Native Grants Honduras & Colombia Roundup

Native Grants Honduras & Colombia Roundup

by Coininsight
July 25, 2026
0

Ethereum could be very a lot a world group, however inside that bigger ecosystem lives an enormous and vibrant internet...

BitMine is now $484 million away from finishing its 5% Ethereum goal

BitMine is now $484 million away from finishing its 5% Ethereum goal

by Coininsight
July 25, 2026
0

BitMine would now have to spend simply $482 million extra to finish its objective of proudly owning 5% of Ethereum's...

Ethereum Berlin Improve Announcement | Ethereum Basis Weblog

Ethereum Berlin Improve Announcement | Ethereum Basis Weblog

by Coininsight
July 23, 2026
0

TL;DR Berlin is able to be deployed!We're shifting quick: the primary testnet to improve, Ropsten, is scheduled to improve on...

BitMine will get 98% of income from staking as a decade-long contract complicates an early exit

BitMine will get 98% of income from staking as a decade-long contract complicates an early exit

by Coininsight
July 23, 2026
0

BitMine generated $45.743 million from staking and validation within the three months ended Could 31, 2026, equal to 98.3% of...

Finalized no. 23 | Ethereum Basis Weblog

Finalized no. 23 | Ethereum Basis Weblog

by Coininsight
July 21, 2026
0

tl;dr Finalized: rebranding the weblogImprove your nodes! Finalized, rebranding the weblog In the event you've learn my latest writings or...

Load More
  • Trending
  • Comments
  • Latest
MetaMask Launches An NFT Reward Program – Right here’s Extra Data..

MetaMask Launches An NFT Reward Program – Right here’s Extra Data..

July 24, 2025
Finest Bitaxe Gamma 601 Overclock Settings & Tuning Information

Finest Bitaxe Gamma 601 Overclock Settings & Tuning Information

November 26, 2025
Easy methods to Host a Storj Node – Setup, Earnings & Experiences

Easy methods to Host a Storj Node – Setup, Earnings & Experiences

March 11, 2025
BitHub 77-Bit token airdrop information

BitHub 77-Bit token airdrop information

February 6, 2025
Kuwait bans Bitcoin mining over power issues and authorized violations

Kuwait bans Bitcoin mining over power issues and authorized violations

2
The Ethereum Basis’s Imaginative and prescient | Ethereum Basis Weblog

The Ethereum Basis’s Imaginative and prescient | Ethereum Basis Weblog

2
Unchained Launches Multi-Million Greenback Bitcoin Legacy Mission

Unchained Launches Multi-Million Greenback Bitcoin Legacy Mission

1
Earnings Preview: Microsoft anticipated to report larger Q3 income, revenue

Earnings Preview: Microsoft anticipated to report larger Q3 income, revenue

1

Investment Giant Fidelity Backs Clarity Act

July 27, 2026

Two Ethereum bridges lose $31.7M within hours as third protocol halts staking

July 27, 2026

Singapore tightens monetary policy as rising oil prices rekindle inflation risk

July 27, 2026

Kraken Wins CFTC Relief on Designated Contract Market

July 26, 2026

CoinInight

Welcome to CoinInsight.co.uk – your trusted source for all things cryptocurrency! We are passionate about educating and informing our audience on the rapidly evolving world of digital assets, blockchain technology, and the future of finance.

Categories

  • Bitcoin
  • Blockchain
  • Crypto Mining
  • Ethereum
  • Future of Crypto
  • Market
  • Regulation
  • Ripple

Recent News

Investment Giant Fidelity Backs Clarity Act

July 27, 2026

Two Ethereum bridges lose $31.7M within hours as third protocol halts staking

July 27, 2026
  • About
  • Privacy Poilicy
  • Disclaimer
  • Contact

© 2025- https://coininsight.co.uk/ - All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Ripple
  • Future of Crypto
  • Crypto Mining

© 2025- https://coininsight.co.uk/ - All Rights Reserved

Social Media Auto Publish Powered By : XYZScripts.com
Verified by MonsterInsights