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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.
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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.
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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.
