The integration with Axelar connects both the XRP Ledger and the XRPL EVM Sidechain through the Axelar App interface. The system supports native transfers of assets such as XRP, SHx, USDf, SOIL, WETH, WBTC, mBTC, mTBILL, and mXRP. 100% of the validators on the dUNL list upgraded their nodes to version xrpld 3.2.
Blockchain interoperability platform Axelar has confirmed a security breach that resulted in the theft of approximately $4.7 million in bridged assets connected to the Secret Network.
Axelar said a reported Axelar security incident did not affect Axelar or IBC, and attributed the flaw to a third-party token contract minting bug. With the available evidence limited to that public statement, the narrow confirmed record is about where the company says the problem did, and did not, occur.
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.
Axelar has disabled its Secret Network bridge connections after a security incident resulted in the loss of roughly $4.7 million worth of bridged assets.
Axelar disclosed a security incident that resulted in the loss of approximately $4.3 million in tokens bridged to Secret Network. The flaw originated in the ICS-20 smart contract on Secret's side within the Cosmos IBC connection, without affecting the core protocol.
The interoperability protocol says the incident is isolated to a Secret-side contract and did not impact Axelar's core network.
The hack underscores the vulnerabilities in blockchain interoperability, highlighting the need for enhanced security measures in cross-chain protocols. Axelar says $4.7 million stolen in Secret Network bridge hack.
The interoperability network Axelar submitted a governance proposal to discontinue three chain integrations within its Amplifier framework: Flow, Berachain, and Plume. The decision follows an internal review that detected virtually no economic activity across these connections since their launch, while operational costs for verifiers continued to accumulate.