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DeFi exploit wave 2026Update 5 of 24
Axelar Kills Bridge After $4.67M Hack

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

PrivacyJun 20, 2026

A relentless wave of DeFi exploits—spanning smart contracts, bridges, oracles, and MEV bots—is draining hundreds of millions and pushing 2026 toward record hack losses.

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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