🚨Axelar Reports $4.67M Incident on Secret Network Bridge

🛡Axelar has reported a security incident where approximately $4.67M in assets were taken from the IBC bridge to Secret Network (specifically the Secret-side ICS-20 smart contract).

📚Key Updates:

📢Axelar’s emergency committee immediately disabled all Secret and Secret-SNIP connections

👤No impact on Axelar core protocol, other IBC bridges, or the wider network

👥Team is working with exchanges, law enforcement, and preparing a full post-mortem

❗️This is isolated to the Secret connection. No action needed for most users.

📱 @comsight
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