Tag: axelar
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Axelar Confirms $4.67 Million Token Loss in Security Incident Affecting Secret Network Bridge
Axelar, a leading provider of secure cross-chain communication for Web3, is actively engaged in containing the fallout from a security incident that has led to the loss of approximately $4.67 million worth of digital assets. The exploit, identified and addressed swiftly, specifically targeted tokens bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain…
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Axelar Rushes to Contain $4.67 Million Security Breach Targeting IBC Bridge to Secret Network
Axelar, a leading cross-chain infrastructure provider, is moving with urgency to contain damage after identifying a significant security incident that has resulted in the loss of approximately $4.67 million worth of tokens. The exploit specifically targeted assets bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to Secret Network, prompting immediate emergency action…
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Axelar Faces $4.67 Million Breach Targeting IBC Bridge to Secret Network, Prompting Immediate Shutdown and Industry-Wide Security Scrutiny
Cross-chain interoperability platform Axelar has swiftly initiated emergency protocols following the identification of a security incident that resulted in the unauthorized appropriation of approximately $4.67 million worth of digital assets. The exploit specifically targeted tokens bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to the privacy-focused Secret Network, prompting an immediate and…
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Axelar Confirms $4.67M Exploit on Secret Network Bridge, Core Protocol Remains Unaffected
Cross-chain infrastructure provider Axelar has acted with urgency to mitigate a significant security incident resulting in the loss of approximately $4.67 million worth of tokens. The breach, which was identified and addressed swiftly, targeted assets bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to Secret Network. In response, Axelar’s emergency committee immediately…
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Axelar Faces $4.67 Million Token Loss in Targeted Cross-Chain Exploit, Initiates Emergency Containment Measures
Axelar, a prominent cross-chain infrastructure provider, has moved swiftly to contain the fallout from a security incident that has resulted in the loss of approximately $4.67 million worth of tokens. The breach specifically targeted assets bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to Secret Network, prompting immediate emergency action to sever…
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Axelar Moves Swiftly to Contain $4.67 Million Breach on Secret Network Bridge
Axelar, a prominent cross-chain infrastructure provider, has moved decisively to contain a security incident that resulted in the loss of approximately $4.67 million worth of tokens. The exploit specifically targeted assets bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to Secret Network. In response, Axelar’s emergency committee immediately took action to shut…
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Axelar Halts Secret Network Bridge Following $4.67 Million Exploit, Initiates Emergency Containment and Recovery
Axelar, a prominent cross-chain infrastructure provider, has moved swiftly to contain damage after identifying a critical security incident that has resulted in the loss of approximately $4.67 million worth of tokens. The exploit specifically targeted assets bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain to the Secret Network, a privacy-focused blockchain within…
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Axelar Halts Secret Network Bridge After $4.67 Million Exploit Targets Cross-Chain Protocol Vulnerability
Axelar is actively working to contain the fallout from a significant security incident that has led to the unauthorized loss of approximately $4.67 million in digital tokens. The breach specifically targeted assets that were bridged from the Axelar chain to the Secret Network using the Inter-Blockchain Communication (IBC) protocol. In response to the discovery, Axelar,…
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