NEW: @axelar ANNOUNCES “WE HAVE IDENTIFIED AN INCIDENT AFFECTING ASSETS BRIDGED OVER IBC TO SECRET NETWORK FROM THE AXELAR CHAIN, WITH APPROXIMATELY $4.67M WORTH OF TOKENS TAKEN” “BASED ON CURRENT INFORMATION, THE ISSUE IS ISOLATED TO THE SECRET-SIDE ICS-20 SMART CONTRACT OF THE COSMOS IBC CONNECTION BETWEEN SECRET AND AXELAR, USED FOR ASSETS BRIDGED FROM AXELAR TO SECRET”

NEW:  @axelar ANNOUNCES “WE HAVE IDENTIFIED AN INCIDENT AFFECTING ASSETS BRIDGED OVER IBC TO SECRET NETWORK FROM THE AXELAR CHAIN, WITH APPROXIMATELY $4.67M WORTH OF TOKENS TAKEN”

“BASED ON CURRENT INFORMATION, THE ISSUE IS ISOLATED TO THE SECRET-SIDE ICS-20 SMART CONTRACT OF THE COSMOS IBC CONNECTION BETWEEN SECRET AND AXELAR, USED FOR ASSETS BRIDGED FROM AXELAR TO SECRET”

— DEGEN NEWS (@DegenerateNews) Jun 19, 2026