# Axelar

Axelar Network just announced: assets bridged to Secret Network via IBC were hacked for $4.67 million.
The vulnerability was in the ICS-20 smart contract on the Secret side, and the emergency committee has urgently disconnected it.
Once again, it's a cross-chain bridge. In 2022, Ronin lost $620 million, Wormhole $320 million, Nomad $190 million — bridges have always been the most vulnerable part of DeFi because their essence is locking assets on one chain and minting a mapped version on another, with the extra smart contracts in the middle creating attack surfaces.
Three steps to self-ch