Question 1

What tokens were stolen in the Axelar Secret Network exploit?

Accepted Answer

Seven Axelar-wrapped token types were drained: saUSDT, saUSDC, saDAI, saWETH, saWBTC, saWBNB, and sawstETH, totaling approximately $4.67 million, according to Common Prefix's analysis.

Question 2

Was Axelar's core protocol compromised?

Accepted Answer

No. Axelar stated that the vulnerability was isolated to a modified ICS-20 smart contract deployed on Secret Network, and that no other chains, IBC connections, or escrow accounts were affected.

Question 3

Can the stolen funds be traced or recovered?

Accepted Answer

Recovery is complicated because Secret Network encrypts balances and transfers by default, hiding the attacker's wallet and exploit transactions from public explorers. Axelar said it is contacting exchanges and law enforcement.

Axelar

Axelar-bridged tokens worth $4.67 million drained in Secret Network contract exploit

One sharp brief.
Every day.

Axelar

Axelar-bridged tokens worth $4.67 million drained in Secret Network contract exploit

One sharp brief.Every day.

One sharp brief.
Every day.