The bridge was exploited for 4.67 million, and the token price can still rise by 5%, this market really doesn't make sense anymore.

CryptoWorld reports that Axelar's AXL is still up 5% after a $4.7 million security incident, but the bridge accepting traffic with Secret Network was affected, and the core protocol was not damaged. About $4.67 million was stolen, affecting only assets bridged to Secret Network via the IBC bridge. The emergency committee has disabled the relevant connections and is contacting exchanges and law enforcement agencies. The incident is part of a series of crypto security events in June 2026, and Axelar will release a post-incident analysis report.