ARB Protocol (ARB)

AMAZING ARBITRUM AUGUST

Bridges just had their worst week of 2026.

Nearly $47M was drained across at least six incidents between July 19–25.

The recurring weak point was the infrastructure trusted to protect the contracts: validator keys, signing logic, upgrade permissions and internal access controls.

📉 THE LOSSES

🔹 @AFX_XYZ: $24.15M
🔸 @wanchain_org: ~$10M
🔹 @VerusCoin: ~$7.54M
🔸 @BSquaredNetwork: $3.86M
🔹 @Allbridge_io: ~$1.65M
🔸 @LienFinance: ~$542K

Four of them halted operations.

🔎 WHAT ACTUALLY HAPPENED

🔹 @AFX_XYZ

An attacker obtained signing keys from five hot validators on its Arbitrum bridge, reached quorum and withdrew the funds after the roughly 200‑second dispute window passed without a challenge.

One report traces the compromise back to social engineering that spread from a development environment into validator systems.

The funds were later swapped into around 12,467 ETH. Arbitrum’s native bridge was unaffected.

🔸 @wanchain_org

A signed‑message encoding flaw affected its Cardano–BNB Chain bridge.

Fourteen f