Crypto▼ Bearish
Crypto hacks drain $35.5 million from three protocols in 24 hours
Three protocol hacks in 24 hours cost $35.5M. AFX lost $24.15M, BSquaredNetwork $3.86M, Verus $7.55M. Verus had a prior $11.58M exploit in May, highlighting persistent bridge vulnerabilities.
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Three crypto protocols lost a combined $35.5 million in a 24-hour window. The attacks included a bridge exploit on Arbitrum and a token drain on BNB Chain. A second bridge exploit hit Ethereum.
AFX, an Arbitrum-based protocol, lost about $24.15 million in USDC through a bridge exploit on July 22. Attackers moved the funds to Ethereum and swapped them for roughly 12,467.5 ETH.
BSquaredNetwork on BNB Chain saw $3.86 million in B2 tokens drained. The stolen tokens were exchanged for more than 5,000 WBNB and then converted into about 1,128 ETH. B2's price fell more than 15% after the sell pressure.
Verus's cross-chain bridge lost $7.55 million on July 23. That marked the protocol's second exploit in roughly two months. Verus had already lost about $11.58 million in May 2026.