CryptoMediumUpdated•Originally published 20 June 2026•Updated 20 June 2026•
1 min read
Secret Network Exploit Drains $4.67M, Putting Axelar Bridge Risk in Focus
Key Facts
1Approximately $4.67 million worth of tokens were drained from Secret Network due to a smart contract exploit.
Secret Network was hit by a smart-contract exploit tied to ICS-20 transfers, draining roughly $4.67 million in tokens through Axelar-linked bridge infrastructure.
The editorial angle is cross-chain bridge security and how quickly the affected connection is isolated, not eurozone macro data that had already passed before publication. Monitor investigation updates, fund-freeze or recovery notices, and the status of Axelar routes connected to Secret.
If an instrument is added, use AXLUSD only as the supported Axelar exposure; no active SCRT instrument was found in market_instruments.