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AFX Trade to Unveil Goodwill Compensation Plan on Aug. 3, Names UNC4899 as Suspected Attacker

AI Market Summary
AFX Trade plans to disclose a goodwill compensation program after its Arbitrum cross-chain bridge exploit that reportedly led to roughly 24M USDC losses. The attribution to UNC4899 (a Lazarus-linked unit) reinforces the theme of state-linked crypto attacks and elevates perceived smart-contract and bridge risk. Near term, this can pressure sentiment across DeFi and cross-chain infrastructure and may increase risk premia for the sector.
Impact level
● Medium
Affected assets
BTC/USDT-1.04%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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ME News reported that on July 31 (UTC+8), decentralized derivatives trading layer AFX Trade said it will publish a goodwill compensation program on Aug. 3 following a recent exploit. The team also stated it has identified the group behind the incident as UNC4899, described as a Lazarus Group-linked unit tied to North Korea's Reconnaissance General Bureau. Earlier, Foresight News cited PeckShield monitoring that AFX Trade's Arbitrum cross-chain bridge was hacked, with losses estimated at about 24 million USDC. (Source: Foresight News)
Selected
USDC
USDC-0.03%
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