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DeFi exploit wave 2026Update 5 of 27
Axelar Kills Bridge After $4.67M Hack

Axelar Disables Secret Network Bridge After $4.67M Exploit; IBC-Linked Assets Affected

Unverified — auto-generated summary, not yet reviewedPrivacyJun 20, 2026

A relentless wave of DeFi exploits—spanning smart contracts, oracles, bridges, and layer-2 networks—is setting record losses and forcing emergency responses across the crypto ecosystem.

Axelar disabled its bridge connection to the Secret Network following an exploit that resulted in approximately $4.67 million in token losses from IBC-linked assets. The attack affected cross-chain privacy infrastructure and prompted Axelar to shut down the affected bridge routes. The Secret Network exploit highlights vulnerability in cross-chain privacy protocol infrastructure.

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