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Axelar Says Incident Came From Third-Party Infinite Mint Bug

2026-06-21 00:10:59

Abstract generation in progress

Axelar Network said a recent security incident came from an infinite minting vulnerability in a third-party token contract. Axelar said neither Axelar Network itself nor the IBC protocol was attacked or compromised. The affected contract was a forked CW20-ICS20 implementation that removed two core security checks and had no new security audit.

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