Tag: containment
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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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