axelarbridgehack$4.67m

Headline: Axelar disables Secret Network bridge after ~$4.7M IBC exploit Axelar has shut down its bridge connections to Secret Network after an incident that led to the theft of about $4.67 million in bridged tokens. The interoperability protocol says the loss involved assets moved from the Axelar chain to Secret via the Cosmos Inter-Blockchain Communication (IBC) framework. Initial investigation points to the Secret-side ICS-20 contract — the component that handles IBC token transfers on Secret Network — rather than Axelar’s core infrastructure. Axelar’s statement said the issue appears isolated to that contract on Secret’s side and that there is currently no evidence other IBC channels, Secret-native assets, or additional Axelar integrations were affected. Axelar’s core protocol remained operational throughout. Immediate response - Axelar’s emergency committee disabled the Secret and Secret-SNIP connections to stop further losses. - The team notified relevant exchanges and law enforcement and is continuing its forensic review. - A full post-mortem will be published once the investigation is complete. Until then, the affected bridge routes will stay offline while engineers trace the attack path and quantify the damage. Why this matters Secret Network is a privacy-focused blockchain that encrypts transaction data while keeping smart contract code verifiable on-chain. Through its Axelar integration, developers have been able to build private cross-chain applications — from confidential DeFi activity and private NFTs to anonymous governance. The exploit therefore affects users relying on those private cross-chain flows rather than Secret’s native assets. Wider context This incident adds to a wave of recent security problems hitting crypto infrastructure. Earlier in June, Humanity Protocol disclosed an exploit that prompted it to retire its original H token; affected users are to receive replacement tokens via an audited ERC-20 airdrop, and Humanity blamed stolen credentials for that breach. Crypto payments provider Pyra also announced plans to wind down operations after the Drift exploit left it unable to recover. Meanwhile, Binance Research has noted that April’s DeFi exploits contributed to roughly $13 billion in TVL outflows and pushed on-chain leverage to levels not seen since 2021. What’s next Axelar says it will share more details after the investigation concludes. For now, users and projects relying on the Axelar–Secret bridges should assume those routes are disabled and monitor official Axelar and Secret Network channels for updates. Read more AI-generated news on: undefined/news

Axelar Network mengidentifikasi insiden yang mencuri sekitar $4,67 juta dalam token yang di-brigde ke Secret Network melalui IBC. Berdasarkan informasi saat ini, masalah ini terbatas pada kontrak pintar ICS-20 di sisi Secret. Komite Darurat Axelar menonaktifkan koneksi Secret dan Secret-SNIP dan sedang menghubungi bursa serta penegak hukum.

Sebuah insiden keamanan menyebabkan kehilangan sekitar $4,7 juta aset di protokol interoperabilitas lintas rantai Axelar, yang sejak itu menonaktifkan fungsi jembatan dengan Jaringan Secret.
Eksploitasi Terlacak ke Kontrak Pintar ICS-20 Jaringan Secret
Hacker memanfaatkan aset yang dipindahkan dari jaringan Axelar ke jaringan Secret melalui protokol Cosmos IBC (Inter-Blockchain Communication), menurut Axelar. Temuan awal menunjukkan bahwa kerentanannya bukan pada infrastruktur inti Axelar, melainkan pada kontrak pintar ICS-20 di sisi Secret yang mengelola transfer IBC antara kedua jaringan.

Axelar bergerak cepat untuk membatasi kerugian setelah mengidentifikasi insiden keamanan yang mengakibatkan hilangnya sekitar $4,67 juta dalam bentuk token.
Eksploitasi ini menargetkan aset yang dijembatani melalui protokol Komunikasi Antara Blockchain dari rantai Axelar ke Jaringan Secret, dan penyedia infrastruktur lintas rantai sudah mengambil tindakan darurat untuk mematikan koneksi yang terpengaruh sambil bekerja melalui penahanan dan pemulihan.
Pernyataan resmi Axelar mengkonfirmasi bahwa tim telah mengidentifikasi insiden yang mempengaruhi aset yang dijembatani melalui IBC ke Jaringan Secret dari rantai Axelar, dengan sekitar $4,67 juta dalam bentuk token yang hilang akibat pelanggaran tersebut. Pengumuman tersebut jelas mengenai skala kerugian dan langkah-langkah segera yang diambil sebagai respons.

Axelar (@axelar), a decentralized interoperability network, has disclosed a security incident involving approximately $4.67 million worth of tokens bridged via IBC to Secret Network (@SecretNetwork), targeting assets transferred from the Axelar chain.
The vulnerability was isolated to the Secret-side ICS-20 smart contract within the Cosmos IBC connection between the two chains, a contract responsible for handling assets bridged from Axelar to Secret. Because Secret Network is a privacy-focused blockchain, transaction details and balances are encrypted, making the exploit transaction invisible on-chain.
Connections Disabled, Exchanges and Law Enforcement Contacted
The Axelar emergency committee acted upon discovery of the incident, immediately disabling both the Secret and Secret-SNIP connections to prevent further unauthorized transfers. The team is now actively coordinating with relevant exchanges and law enforcement agencies to track the stolen funds and support recovery efforts.
Axelar emphasized that the incident is isolated to assets on Secret that were bridged over IBC from Axelar, and confirmed its broader infrastructure remains secure and operational.
Damage Contained, Post-Mortem Pending
The issue did not affect Axelar's core protocol, other IBC connections, or native Secret tokens. Both teams say a full post-mortem is forthcoming.
The incident follows a pattern of cross-chain bridge vulnerabilities seen across the industry in 2026. As one analyst noted, the hard part of bridge security is not the messaging layer, but ensuring nothing happens until authenticity is fully proven. Custom receiver contracts, which handle inbound cross-chain messages on behalf of protocols, continue to represent the highest-risk surface in DeFi when validation logic is insufficiently hardened.
Sources:
The Crypto Times: $4.67M Exploit Hits Axelar-Secret Network Bridge, Links Disabled
Decrypt: CrossCurve Threatens Legal Action After $3M Cross-Chain Bridge Exploit

Axelar telah mengungkapkan eksploitasi senilai $4,67 juta yang menargetkan aset yang dijembatani ke Secret Network. Kerentanan ini diisolasi pada kontrak pintar sisi Secret tertentu, memaksa tim untuk menonaktifkan kedua koneksi untuk mencegah masalah lebih lanjut. Berita mengejutkan ini datang dari tweet terbaru oleh CoinDesk, yang merinci spesifikasi pelanggaran dan tindakan segera yang diambil oleh Axelar.
Apa yang Terjadi
Lanskap crypto sedang menghadapi pengawasan yang meningkat setelah pengungkapan Axelar tentang eksploitasi besar yang mempengaruhi Secret Network. Dengan pasar crypto yang lebih luas menunjukkan sinyal campuran, insiden ini menarik perhatian pada kerentanan dalam proyek blockchain. Saat ini, Secret Network tidak memiliki volume perdagangan yang dilaporkan dalam 24 jam terakhir, menandakan jeda dalam aktivitas pasar saat trader menilai kembali situasi ini. Respons cepat dari Axelar untuk menonaktifkan koneksi menandai langkah penting dalam mengurangi potensi kerugian dari pelanggaran ini, meskipun ini menimbulkan kekhawatiran besar tentang keamanan teknologi jembatan dan kontrak pintar.

$BTC Ini adalah bendera beruang ketiga untuk Bitcoin dalam siklus ini.
Kemungkinan lebih condong ke breakout turun.
1. Penjualan ke 55K sangat mungkin terjadi.
2. Bahkan penurunan ke 47K masih mungkin terjadi. Itu tidak harus terjadi.
Bitcoin masih bisa rebound dalam beberapa bulan ke depan dan memberikan sedikit kelegaan pada suatu titik.
Tapi dasar $BTC cycle yang sebenarnya masih mengarah ke akhir tahun ini.