Axelar Network Reports $4.67M Theft in IBC Bridge Attack

Axelar said its emergency committee shut down the Secret and SecretSNIP connections immediately after detecting the incident, and the team is working with relevant exchanges and law enforcement. The breach is confined to assets bridged from Axelar to Secret via IBC. Axelar added that all other IBC connections, Secret tokens, other Axelar integrations, and the Axelar core protocol were not affected.

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Axelar Network Reports $4.67M Theft in IBC Bridge Attack

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