AFX and Balance Coin: A Week of Painful Records

Another week, another two major incidents. First, AFX Protocol loses $24M to a cross-chain bridge vulnerability. Yes, another bridge exploit. Yes, the same old story: insufficient data validation. The team claims their native Arbitrum bridge remains unaffected—cold comfort for investors.

Meanwhile, Balance Coin demonstrated how to crash 99% in minutes. A $915,000 hack through a 42DAO vulnerability turned this "algorithmic stablecoin" into neither algorithmic nor stable. Poof—gone.

The Common Thread

Both incidents stem from rushed development and inadequate auditing. AFX repeats the classic bridge exploit playbook—teams still can't properly validate incoming data. Balance Coin's collapse? A basic code flaw that proper testing should've caught.
The irony with Balance Coin borders on dark comedy. Marketed as "resilient," it couldn't withstand even a mid-tier attack. Full hack details in our coverage .

What Next?
Until DeFi stops stepping on the same rakes, I'll keep documenting these failures. Maybe someday it'll teach someone something. But judging by this week—don't hold your breath.

AFX and Balance Coin: A Week of Painful Records

The Common Thread

What Next?Until DeFi stops stepping on the same rakes, I'll keep documenting these failures. Maybe someday it'll teach someone something. But judging by this week—don't hold your breath.

Until DeFi stops stepping on the same rakes, I'll keep documenting these failures. Maybe someday it'll teach someone something. But judging by this week—don't hold your breath.

What Next?
Until DeFi stops stepping on the same rakes, I'll keep documenting these failures. Maybe someday it'll teach someone something. But judging by this week—don't hold your breath.