The bridge between the Cosmos-based Secret network and Axelar network was exploited via an infinite <button class="define-target" id="mint">mint</button> bug that went unnoticed for a week. An attacker exploited a smart contract in order to mint a large quantity of <button class="define-target" id="wrapped-token">wrapped</button> Axelar tokens on the Secret network, which they then redeeemed for around $4.67&nbsp;million.<p>The exploit, which occurred on June 10, went unnoticed until June 17, when a transaction failed with a message suggesting that more tokens had been bridged out of the Secret network than had been bridged in.</p><p>Secret has warned, "If you hold Axelar-bridged saXXX tokens on Secret, please be aware their backing was affected and your funds may be lost."</p>

"Secret Network bridge exploited for $4.7M with 'infinite mint' bug"

Web3 is Going Just Great

Secret bridge exploited for $4.67 million a week before anyone notices