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$4.7M stolen in Secret Network bridge hack; Axelar core protocol unaffected

Market News
19 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Axelar reported a security breach involving the transfer of assets from its chain to Secret Network via the Cosmos IBC bridge, resulting in about $4.7 million in tokens stolen. The issue is isolated to the Secret Network's ICS-20 smart contract, with no impact on Axelar's core protocol or other connections. Axelar has disabled the affected connections, alerted exchanges and law enforcement, and is investigating further with plans to publish a detailed report.

More News

Vanguard announces June 2026 cash distributions for multiple Canadian-listed ETFs.

Vanguard announces June 2026 cash distributions for multiple Canadian-listed ETFs.

Vanguard Investments Canada Inc. announced the final cash distributions for June 2026 for several Vanguard ETFs listed on the Toronto Stock Exchange. Unitholders of record on June 26, 2026, will receive payments on July 6, 2026, with distribution amo...

Company Fundamentals
Neutral
45 minutes ago
Teamshares completes merger with Live Oak Acquisition Corp. V, raising $126.5M in new capital.

Teamshares completes merger with Live Oak Acquisition Corp. V, raising $126.5M in new capital.

Teamshares Inc. finalized its business combination with Live Oak Acquisition Corp. V after shareholder approval on June 16, 2026. The deal included a $126.5 million capital raise through a PIPE investment from institutional investors and Teamshares m...

Company Fundamentals
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2 hours ago
Two student entrepreneurs from NY Metro advance to NFTE national competition in NYC this fall.

Two student entrepreneurs from NY Metro advance to NFTE national competition in NYC this fall.

Two student entrepreneurs, Brandon Garcia and Abiha Haider, won the NFTE New York Metro Youth Entrepreneurship Showcase and will advance to the U.S. National Youth Entrepreneurship Showcase in New York City this fall. Brandon's business, ProspectPath...

Others
Neutral
2 hours ago
Tourism surges at Hengdian World Studios as Pursuit of Jade tops global C-drama charts.

Tourism surges at Hengdian World Studios as Pursuit of Jade tops global C-drama charts.

Hengdian World Studios saw a major spike in visitors after the Chinese drama Pursuit of Jade, filmed mostly at the studio, topped international streaming charts and search volumes in 15 countries. During the May holiday, over 80,000 tourists visited ...

Market News
Bullish
3 hours ago
Amazon may start selling its custom AI chips externally, challenging Nvidia's dominance in AI infrastructure.

Amazon may start selling its custom AI chips externally, challenging Nvidia's dominance in AI infrastructure.

Amazon is exploring selling its custom-designed AI chips, Trainium and Inferentia, to third parties beyond its AWS cloud services. This move could disrupt Nvidia's stronghold on AI hardware, as Amazon's chip business now generates nearly $50 billion ...

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Bullish
4 hours ago
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