# Bridge Signatures and Hot Wallets Drive Nearly $40 Million of Recent Crypto Thefts

The AFX Trade attacker did not break a contract, but produced five valid validator signatures, while the payment processor Coinsbuy lost $8.07 million across two chains and the funds were routed into monero.

- Published: 2026-08-20T05:47:26.932Z
- Canonical: https://polylog.news/crypto/2026-08-20/bridge-signatures-and-hot-wallets-drive-nearly-40-million-of
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Rekt News](https://www.rekt.news/)

Three incidents documented by Rekt, a site that tracks crypto security incidents, show where losses are actually occurring, and most did not involve audited contract logic. AFX Trade lost $24.15 million of USD Coin (USDC) on Arbitrum on Jul…

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