Secret Network hacked
An attacker exploited a vulnerability in Secret Network's modified CW20-ICS20 contract used for the Axelar IBC bridge, minting approximately $4.67 million in unbacked saTokens. These were redeemed through the legitimate bridge channel, draining real assets from Axelar's escrow. Axelar paused the Secret bridge routes.
- Estimated loss
- $4,670,000
- Protocols
- Axelar, Secret Network
- Chains
- Ethereum, Secret
- Confidence
- High
- First seen
- 10 Jun 2026, 00:00 UTC