technology··1 min read
Secret Network's Axelar Bridge Hit by $4.67M Infinite-Mint Exploit
An exploit on Secret Network's Axelar bridge drained $4.67 million via an infinite-mint bug that went undetected for seven days.
Secret Network disclosed that its Axelar bridge was exploited for $4.67 million in an infinite-mint attack that remained unnoticed for a full week. According to the team, the vulnerability allowed the attacker to mint unlimited wrapped tokens, draining funds from the bridge.
Key Details
- The exploit occurred on the Axelar bridge, a cross-chain messaging protocol used by Secret Network.
- Approximately $770,000 of the stolen funds remain in the attacker's Axelar wallet, according to Secret Network.
- Secret Network stated that Axelar declined its request to freeze the remaining funds.
- The incident took place over seven days before being detected.
The attack underscores ongoing security challenges in cross-chain bridges, which have been frequent targets for exploits. Secret Network has not yet announced a timeline for recovering the lost assets or implementing additional safeguards.