Axelar Bridge Exploit Results in $4.67 Million Theft, Funds Remain Unfrozen
An exploit on Secret Network's Axelar bridge has led to a theft of $4.67 million, with approximately $770,000 still in the attacker's wallet, which Axelar has not frozen.
Editorial Staff
1 min read
Updated 2 days ago
Secret Network has reported a significant security breach involving its Axelar bridge, where an infinite-mint exploit resulted in a theft of $4.67 million.
The exploit went unnoticed for a period of seven days, raising concerns about the security measures in place.
Currently, about $770,000 of the stolen funds remain in the attacker's Axelar wallet, but Axelar has declined to take action to freeze these funds.