Axelar is moving fast to contain damage after identifying a security incident that has resulted in the loss of approximately $4.67 million worth of tokens. The exploit targeted assets bridged via the Inter-Blockchain Communication protocol from the Axelar chain to Secret Network, and the cross-chain infrastructure provider has already taken emergency action to shut down the affected connection while it works through containment and recovery. Axelar’s official statement confirms the team identified the incident affecting assets bridged over IBC to Secret Network from the Axelar chain, with approximately $4.67 million worth of tokens taken in the breach. The announcement was
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