AFX to Reveal Recovery Plan After $24 Million Bridge Hack

The team behind AFX announced that a goodwill plan for users impacted by the recent bridge hack is nearly ready. The project lost $24.15 million in the incident last week, which affected liquidity across its platform. Users are waiting for the formal proposal to see how the project intends to handle the losses and restore faith in the protocol.

This recovery plan arrives as the community keeps a close eye on the project's security measures. Following the exploit, developers have been working to stabilize the system and audit the vulnerability that led to the theft. The details of the proposal, including how the funds will be managed and distributed to affected parties, are expected to be public on August 3.

Investors and traders are watching this situation closely to see if AFX can bounce back from the major blow. The success of this recovery plan will be critical for the future of the platform and the overall trust of its community. For now, the market is waiting for the official announcement to understand the scale of the relief efforts.