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Secret Network’s Axelar bridge drained for $4.67 million in infinite-mint exploit that went unnoticed for seven days

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.

Raccontata dacryptobriefing.comtheblock.cocointelegraph.comthedefiant.io

Confronto fonti

4 prospettive sulla stessa storia
AI · summaries
theblock.coStai leggendo2 g fa

Secret Network’s Axelar bridge drained for $4.67 million in infinite-mint exploit that went unnoticed for…

Attacker drained $4.67M from Secret's Axelar bridge exploiting unchecked token minting via forged IBC deposits, undetected 7 days. Missing validation from March rework + no audit exposed blind spot in cross-chain monitoring—key DeFi infrastructure risk.

originale

Timeline cronologica

  1. venerdì 19 giugno 2026·cryptobriefing.com

    Axelar says $4.7 million stolen in Secret Network bridge hack

    Crypto protocol Axelar has disabled Secret bridge connections after a $4.67M exploit affecting assets bridged to Secret.

  2. sabato 20 giugno 2026·theblock.co

    Secret Network’s Axelar bridge drained for $4.67 million in infinite-mint exploit that went unnoticed for seven days

    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.

thedefiant.io3 h fa

Secret Network's Axelar Bridge Drained $4.67M via Infinite-Mint Flaw - "The Defiant"

Attacker drained $4.67M from Secret-Axelar bridge via disabled CW20-ICS20 validation checks (March 2023 flaw, 7 days undetected). Permissionless IBC channels and audit gaps exposed; SCRT down 33% exposes governance failures in cross-chain infrastructure.

Leggi questa versione → originale
cointelegraph.com21 h fa

Secret Network Loses $4.67M in Infinite Mint Exploit

A smart contract bug on Secret Network let an attacker mint unbacked tokens and drain $4.67 million in Axelar-wrapped assets before moving funds to Ethereum.

Leggi questa versione → originale
cryptobriefing.com3 g fa

Axelar says $4.7 million stolen in Secret Network bridge hack

Axelar disclosed a $4.7M theft from its Secret Network bridge caused by a vulnerability in the Cosmos IBC connection's ICS-20 smart contract. The incident underscores bridge security risks requiring rigorous audits before deploying cross-chain DeFi and privacy solutions to production.

Leggi questa versione → originale
  • lunedì 22 giugno 2026·cointelegraph.com

    Secret Network Loses $4.67M in Infinite Mint Exploit

    A smart contract bug on Secret Network let an attacker mint unbacked tokens and drain $4.67 million in Axelar-wrapped assets before moving funds to Ethereum.

  • martedì 23 giugno 2026·thedefiant.io

    Secret Network's Axelar Bridge Drained $4.67M via Infinite-Mint Flaw - "The Defiant"

    An attacker exploited a years-old infinite-mint flaw in Secret Network's Axelar bridge contract, draining $4.67M in wrapped stablecoins and ETH over seven days before being…