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Axelar Network Was Hacked; Approximately $4.67 Million in Tokens Stolen
Svmuu News: Axelar Network has reported that an incident affecting assets bridged from the Axelar chain to the Secret Network via IBC has been discovered, resulting in the theft of approximately $4.67 million worth of tokens. Based on currently available information, the issue is limited to the ICS-20 smart contract on the Secret side, which is part of the Cosmos IBC connection between Secret and Axelar and is used to bridge assets from Axelar to Secret. Upon discovering the incident, the Axelar Emergency Response Committee immediately disabled the Secret and Secret-SNIP connections. The team is currently contacting relevant exchanges and law enforcement agencies.
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