DeFi exploit wave 2026Update 5 of 24
Axelar Kills Bridge After $4.67M Hack
Axelar Disables Secret Network Bridge After $4.67M Exploit; IBC-Linked Assets Affected
A relentless wave of DeFi exploits—spanning smart contracts, bridges, oracles, and governance—is draining billions and setting new hack records across the crypto sector.
Axelar disabled its bridge connection to the Secret Network following an exploit that resulted in approximately $4.67 million in token losses from IBC-linked assets. The attack affected cross-chain privacy infrastructure and prompted Axelar to shut down the affected bridge routes. The Secret Network exploit highlights vulnerability in cross-chain privacy protocol infrastructure.
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2 sources
- Axelar Targeted in Attack, Around $4.67 Million in Tokens Stolen · lookonchain.com · T2
- Axelar disables Secret connection after $4.67M exploit hits IBC-linked assets · ambcrypto.com · T2