Recent Crypto Hack News: $35.55M Lost in Three Attacks

Recent Crypto Hack News: AFX, BSquared, and Verus Lose $35.55M Three separate protocols lost a combined $35.55 million in a string of recent crypto bridge hacks. Security firms Blockaid and PeckShield flagged all three incidents today. The affected projects were AFX, an Arbitrum-based perpetual exchange, BSquared Network on BNB Chain, and the VerusCoin Ethereum bridge. Source:LookChain X post Each incident targeted a different type of cross-chain infrastructure. Together, they highlight how often bridges and token-bridging mechanisms remain a weak point across the industry. AFX Bridge Loses $24.15 Million in USDC Exploit Blockaid detected the largest of the three incidents at 21:30 UTC on July 22, 2026. The attack hit a cross-chain bridge operated independently by AFX, not Arbitrum's official network bridge. Blockaid put the loss at about 24.15 million USDC. Source:Blockaid official X Post Stephen Goldfeder, CEO of Offchain Labs, the company behind Arbitrum, confirmed on X that the transaction came from a third-party protocol. He stated that Arbitrum's native bridge had not been hacked or exploited in any way. Source:PeckShieldAlert X Post. PeckShield reported that the attacker bridged the stolen USDC to Ethereum and swapped it for roughly 12,467.5 ETH. BSquared Network Drained of $3.86 Million on BNB Chain PeckShield reported that BSquared Network was drained of 8.591 million B2 tokens on BNB Chain, worth approximately $3.86 million at the time. Source:PeckShieldAlert X Post. The exploiter swapped the stolen tokens for more than 5,000 WBNB, then converted that into 1,128 ETH before bridging the funds out through NEAR Intents. VerusCoin Ethereum Bridge Loses $7.55 Million to Tornado Cash Laundering PeckShield also flagged an exploit of the VerusCoin Ethereum Bridge, estimating the loss at approximately $7.55 million. Source: PeckShieldAlert X Post. According to PeckShield, the exploiter began laundering the stolen funds through Tornado Cash, a crypto mixing service, shortly after the attack. At the time of writing, VerusCoin had not published its own official statement on the incident. Market Impact of the Recent Crypto Hack News Pricing data from CoinMarketCap gives a snapshot of how the tokens tied to each incident are trading at the time of writing. These figures reflect current market conditions rather than the exact price at the moment of each exploit.