Axelar bridge with Secret Network exploited for $4.67M via infinite mint bug
Axelar reported a hack on its bridge with Secret Network, with an attacker stealing about $4.67 million using an infinite mint vulnerability. The theft went undetected for seven days.
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The Axelar blockchain project disclosed a security breach involving its bridge to the Secret Network protocol. An attacker exploited an "infinite mint" vulnerability to drain approximately $4.67 million in assets. The exploit went unnoticed for seven days before being detected.
No additional details on affected assets or remediation plans have been released yet. The incident adds to a growing list of cross-chain bridge hacks this year.
Source: ForkLog