Foresight reported that Axelar Network, posting through its X account @axelar, disclosed an incident involving assets bridged over IBC from the Axelar chain to Secret Network. According to Axelar’s statement, approximately $4.67 million worth of tokens were taken. The disclosure identified the affected area as assets that moved from Axelar to Secret through the IBC connection, rather than describing a broader issue across all Axelar integrations.
Axelar wrote in its announcement: “We have identified an incident affecting assets bridged over IBC to Secret Network from the Axelar chain, with approximately $4.67M worth of tokens taken.” The project then added that, based on current information, the issue is isolated to the Secret-side ICS-20 smart contract of the Cosmos IBC connection between Secret and Axelar. Axelar also specified that this contract is used for assets bridged from Axelar to Secret.
The named components in the disclosure include Axelar Network, Secret Network, the Axelar chain, IBC, the Cosmos IBC connection between Secret and Axelar, and the Secret-side ICS-20 smart contract. Axelar did not provide token names, transaction hashes, addresses, recovery details, or a completed technical breakdown in the statement included in the source item. The amount disclosed by Axelar was approximately $4.67 million in tokens taken.
Axelar said that immediately after becoming aware of the incident, the Axelar emergency committee disabled the Secret and Secret-SNIP connections. The exact wording of the announcement stated: “Immediately upon becoming aware of the incident, the Axelar emergency committee has disabled the Secret and Secret-SNIP connections.” This response, as described by Axelar, was tied to the Secret-related connections referenced in the post.
The announcement also said Axelar is reaching out to relevant exchanges and law enforcement agencies. The statement did not name the exchanges being contacted, did not identify any specific law enforcement agency, and did not include additional procedural details. The source item therefore limits confirmed follow-up actions to the disabling of the Secret and Secret-SNIP connections and outreach to exchanges and law enforcement.
Axelar emphasized several boundaries around the incident. It said the incident is isolated to assets on Secret that were bridged over IBC from Axelar. It also stated that no other IBC connections or Secret tokens appear impacted, that no other Axelar integrations are affected, and that Axelar’s core protocol is not affected. These points form the central scope statement in Axelar’s public disclosure.
Axelar also said it is preparing a detailed post-mortem. The X post was timestamped 13:40 on June 19, 2026, and the page information in the source showed 80,000 views along with the phrase “Read 49 replies.” The captured page data also contained interaction counts including 49, 62, 388, and 75. No detailed post-mortem text was included in the source item.
The report was categorized by Foresight under “巨鲸运动,” or whale movement. Based strictly on Axelar’s current disclosure, the incident centers on IBC-bridged assets from Axelar to Secret, approximately $4.67 million in tokens taken, the Secret-side ICS-20 smart contract of the Cosmos IBC connection between Secret and Axelar, the disabling of Secret and Secret-SNIP connections by the Axelar emergency committee, outreach to relevant exchanges and law enforcement agencies, and Axelar’s statement that its core protocol is not affected.