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The Axelar blockchain interaction protocol announced the detection of a security incident affecting assets connected through its IBC connection with Secret Network. According to the company, as a result of the incident, tokens worth approximately $4.67 million were stolen. Axelar stated that, based on available information, the issue concerns only the ICS-20 smart contract on the Secret side in the Cosmos IBC connection used for transferring assets from Axelar to the Secret network. The company emphasized that the incident did not affect the main Axelar protocol and that other Axelar integrations remain secure.