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Axelar-bridged tokens worth $4.67 million drained in Secret Network contract exploit
Jun 20, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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AI Overview
On June 19 Axelar reported an attacker drained approximately $4.67 million worth of tokens from Secret Network by exploiting an ICS-20-based smart contract used for cross-chain transfers. The incident exposes a bridge security weakness in Cosmos-based infrastructure that raises DeFi and cross-chain adoption risk, although Axelar said the issue was isolated to the Secret-side ICS-20 contract.
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Approximately $4.67 million worth of tokens were drained from Secret Network after an attacker exploited an ICS-20-based smart contract used to facilitate cross-chain transfers, according to Axelar’s June 19 statement. The incident exposed another weakness in the bridge infrastructure connecting Cosmos-based blockchains, but Axelar said the issue was isolated to the Secret-side ICS-20 smart contract...
