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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 detected.
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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.
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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.
