AFX Trade Hacked for 35.6 Billion Won... Not Smart Contract, but Signature Key Stolen
AFX Trade, a DeFi exchange based on Arbitrum (ARB), experienced a hack of approximately $24.15 million. The cause was identified as the theft of an off-chain signature key, not a smart contract vulnerability, raising security concerns.
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Key takeaway
"AFX Trade Hacked for 35.6 Billion Won... Not Smart Contract, but Signature Key Stolen" — BullBear's AI rates this story as a bearish (negative) signal for markets, with a market-impact score of 75 out of 100. AFX Trade, a DeFi exchange based on Arbitrum (ARB), experienced a hack of approximately $24.15 million. The cause was identified as the theft of an off-chain signature key, not a smart contract vulnerability, raising security concerns. Reported by TokenPost on July 23, 2026. The call is verified against the actual 24-hour price move on BullBear's public conviction ledger.
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