Secret Network’s Axelar bridge drained for $4.67 million in infinite-mint exploit that went unnoticed for seven days
The Block·
60-second summary
Secret Network's Axelar bridge is drained for $4.67 million in an infinite-mint exploit that went unnoticed for seven days. Approximately $770,000 remains in the attacker's Axelar wallet, despite Secret Network's request to freeze it. Axelar declined the request, leaving the stolen funds vulnerable to further exploitation, highlighting security concerns in the cross-chain bridge ecosystem.
Secret Network says about $770,000 of the stolen funds still sits in the attacker's Axelar wallet, and that Axelar declined its request to freeze it.