On July 23, three major DeFi protocols lost a combined approximately $35.5 million in losses within just six hours. The attacks targeted cross-chain bridges and supporting infrastructure rather than the underlying blockchains themselves. AFX Trade suffered the largest loss at $24.15 million, followed by Verus Ethereum Bridge at $7.54 million and B² Network at $3.86 million. These incidents demonstrate that security challenges extend beyond individual protocols and platforms, requiring a coordinated industry-wide approach. The events underscore the growing need for stronger infrastructure resilience and greater transparency across the crypto ecosystem.
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