Axelar prevented contagion
A connected chain suffered an exploit and Axelar successfully contained it.
This is the strongest argument for the purge. https://t.co/PNzoI5YnqQ
Axelar prevented contagion
A connected chain suffered an exploit and Axelar successfully contained it.
This is the strongest argument for the purge. https://t.co/PNzoI5YnqQ
Secret Network incident analysis by @CommonPrefix. Axelar's protocol was not compromised and prevented contagion from spreading to other chains. Here's the full report: https://t.co/u7izAFQu7I
Axela network, bridge assets hacked, $4.67 million stolen
https://t.co/HIDeBg15cR https://t.co/UHvsFe3oBU
⚠️ALERT: AXELAR PRIVATE BRIDGE EXPLOITED FOR $4.67 MILLION
Axelar disclosed a $4.67 MILLION exploit involving assets bridged to Secret Network after an attacker exploited a flaw in a Secret-side smart contract to mint unbacked tokens and redeem them for real assets.
The attacker drained the funds in minutes, while the exploit remained hidden for 9 days due to Secret Network's encrypted transaction architecture.
Axelar has since disabled the affected bridge connections while the incident is investigated.