An exploit targeting the Axelar-Secret Network bridge reportedly drained $4. 67 million across multiple networks, prompting an immediate shutdown of bridge links between the two ecosystems.
An exploit targeting the Axelar-Secret Network bridge reportedly drained $4. 67 million across multiple networks, prompting an immediate shutdown of bridge links between the two ecosystems.
An exploit targeting the Axelar-Secret Network bridge reportedly drained $4.67 million across multiple networks, prompting an immediate shutdown of bridge links between the two ecosystems.
WHAT TO KNOW
The incident, which a Secret Network forum post identified as occurring on June 10, 2026, involved an exploit of the IBC bridge connecting Secret Network to Axelar’s cross-chain infrastructure. For related coverage, see Strategy Buys 1,587 Bitcoin for $100M, Holdings Reach 846,842 BTC.
Crypto Times reported that the exploit drained the funds and that bridge links were subsequently disabled. The attack spanned multiple networks connected through Axelar’s bridging layer. For related coverage, see Strive Buys $50 Million in Bitcoin: What the Purchase Signals.
Early details remain limited. While the loss amount and bridge shutdown have been reported by multiple sources, the precise method of exploitation and full list of affected assets have not been publicly confirmed. For related coverage, see Bitcoin Cash Price Risks $100 as Bearish Signals Build.
The exploit targeted the bridge infrastructure connecting Secret Network to other chains via Axelar, a cross-chain communication protocol. According to early reporting, the impact extended across multiple networks, consistent with how bridge exploits propagate through shared liquidity pools.
A confirmed list of every affected chain and token has not been published at the time of writing. Users who bridged assets between Secret Network and other ecosystems through Axelar may have exposure to the incident.
The attack echoes similar bridge vulnerabilities seen across the industry. Earlier this year, Syscoin paused its bridge after a 5 billion SYS unauthorized mint, highlighting the persistent risks in cross-chain infrastructure.
Bridge links between Axelar and Secret Network have been disabled, according to multiple reports. Users cannot currently bridge assets between Secret Network and Axelar-connected chains.
The Secret Network community has been tracking the incident through its governance forum, where a dedicated thread outlines the security incident and response timeline. Whether any of the drained funds can be recovered or traced remains an open question.
Users who hold wrapped or bridged assets originating from the Axelar-Secret corridor should monitor official channels from both projects for updates on remediation efforts, potential fund recovery, and timeline for restoring bridge functionality. As questions about crypto security continue to mount across the industry, bridge exploits remain among the most damaging attack vectors.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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