Secret Network Hit by $4.67M Infinite-Mint Exploit as Axelar Bridge Flaw Goes Undetected for Seven Days (opens in new tab)

A major security incident has shaken the Cosmos ecosystem after attackers exploited a vulnerability in a Secret Network bridge contract, draining approximately $4.67 million worth of assets linked to the Axelar interoperability network. The exploit reportedly remained undetected for seven days, allowing the attacker to mint unbacked assets and redeem them for real tokens before the breach was discovered. The incident has reignited concerns about cross-chain bridge security, a sector that has ...