Secret Network's Axelar bridge drained for $4.67M in exploit
Encrypted balances hid the shortfall for a week — the real cost is the absent monitoring layer and a $770K recovery window Axelar has declined to act on.
10 stories mentioning it. Newest first.
Encrypted balances hid the shortfall for a week — the real cost is the absent monitoring layer and a $770K recovery window Axelar has declined to act on.
A memecoin's 96% collapse meets a German banking rail and an ETF exodus. On-chain, the signal is the gap between utility and pure speculation.
Blockaid flags the cross-chain bridge as still actively draining, with Peckshield tallying the loss in tBTC, ETH, and USDC so far.
Rolling back a top-50 Layer 1 to erase a 3 trillion ONE forge has almost no precedent. The cross-shard verification flaw is patched; the open question is whether rewritten history is safer than…
Terra's UST stablecoin and LUNA token erased $60 billion in days. Here is how an algorithmic stablecoin death-spiralled, and what it taught crypto.
Hoskinson pinned the exploit on AI-driven attack tooling, turning a single cross-chain drain into a sector-wide security story for every bridge operator.
Hoskinson turned the exploit into a policy pitch for zero-knowledge over legacy bridges, but the 43% crash to an all-time low shows how exposed even ZK-native chains still are when they rely on…
Second major breach in three years, after the $100M Horizon bridge heist linked to North Korean hackers. The bigger question is whether a rollback restores trust or deepens the credibility hit.
A meme-coin governance heist drains $20M the same hour Washington declares it is taking over crypto. The crowd is split, and that split is the signal.
A 594 BTC hardware-wallet drain, three Fed hawks, and an ETF rebound driven almost entirely by BlackRock. The bid is thinner than the tape suggests.