AFX Trade says initial probe points to coordinated social engineering and infrastructure breach

AFX Trade said its initial investigation found that the earlier incident involved a coordinated social engineering attack combined with an infrastructure breach. According to the company, the attacker appears to have first gained access through the development environment, then escalated privileges into internal build infrastructure and validator systems. The team said its immediate focus is protecting affected users. It is now verifying impacted balances, trying to recover funds, and preparing a structured remediation plan. Earlier, Foresight News reported that blockchain security firm PeckShield had detected a hack targeting AFX Trade’s Arbitrum bridge, with losses estimated at about 24 million USDC. The latest statement adds the platform’s first outline of how the intrusion may have unfolded and what its response priorities are.