Axelar shuts down Secret Network bridge routes after $4.7M exploit
Axelar shuts down Secret Network bridge routes after $4.7M exploit
Axelar disabled Secret Network bridge routes after a $4.7 million exploit tied to a Secret-side ICS-20 contract.The company said the incident appears limited to Axelar-bridged assets on Secret Network, with no impact on its core protocol.Binance Research previously estimated DeFi exploits triggered $13 billion in TVL outflows and pushed leverage ratios to 2021 highs.