AFX is aware of an incident involving the AFX-operated USDC custody bridge on Arbitrum. Upon detecting the incident, we immediately suspended bridge operations and initiated our incident response procedures. Our engineering and security teams are actively investigating the root cause in collaboration with leading blockchain security partners. Based on our current assessment, the incident appears to be isolated to the AFX-operated custody bridge. The AFX trading infrastructure, mainnet, and the Arbitrum network itself have not been compromised. The investigation into the exact attack vector remains ongoing. We are working with ecosystem partners, security firms, and relevant parties to trace the stolen assets, and assess the full impact. We are committed to complete transparency and will continue providing updates as more verified information becomes available.

An Update from the Edel Team Earlier today, Edel identified and contained an exploit affecting Edel Lending. The exploit involved manipulation of the wrapped xStocks exchange rate between wGOOGLx and GOOGLx, causing wGOOGLx collateral to be valued at approximately 78x its correct value. The attacker used that inflated collateral value to borrow from the protocol, creating approximately $403k in protocol bad debt. Immediately after detection, the Edel team paused all V1 contracts. Edel V1 remains paused, and users should not interact with the V1 deployment while protocol activity is suspended. The team has preserved the relevant protocol records and is using them to determine affected balances for restoration. No depositor will bear any loss from this incident. The Edel team will absorb the bad debt and restore affected depositor balances 1:1. Edel V2 is being deployed with a redesigned oracle architecture intended to prevent this class of exchange-rate manipulation. Once deployment and balance restoration are complete, restored balances will be available directly in the Edel application. We will share timing as soon as it is finalized. We have traced the attacker’s transactions and are coordinating with exchanges, ecosystem partners, and other relevant stakeholders. In parallel, we have extended a formal whitehat settlement offer to the responsible party, providing a defined window to return the remaining funds in exchange for an authorized security bounty. A full technical post-mortem will follow with the exploit path, root cause, and the changes introduced in Edel V2. This incident also reinforces the importance of EIP-01, which will introduce governance over protocol risk parameters, supported collateral, and future market configuration while preserving the team’s ability to respond immediately to security-critical events. Our immediate priorities are containment, user restoration, and transparent follow-up. We will continue updating users until affected balances have been restored in full. The Edel Team

We're aware of a security incident involving the compromise of private keys belonging to a member of the Humanity Foundation. The safety of our community is our top priority, and we want to be fully transparent about what we know. As a precaution, please do NOT interact with the bridge or any liquidity pools until we give the all clear. This is the single most important step you can take to protect your funds right now. We are actively working with leading security experts and our exchange partners to assess the scope of the incident and secure all affected systems. We're deeply sorry that this has happened. Protecting this community is our responsibility, and we don't take that lightly. We will share verified updates as soon as we have them and we won't speculate before facts are confirmed. Official updates will only come from this account or @terencekwok Beware of the scammers and impersonators who exploit moments like this. We will never DM you first or ask for your seed phrase or private keys.