Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Leads to $4.67 Million Loss
On June 19, the Axelar blockchain protocol officially confirmed a hack of the cross-chain bridge connecting it to the Secret Network. The attacker exploited a critical vulnerability known as "infinite mint" and siphoned off approximately $4.67 million. The theft went unnoticed for seven days — a serious signal of shortcomings in cross-network transaction monitoring.According to an analysis conducted by the Common Prefix development team, the bug was found in the ICS-20 smart contract on the Secret Network side, which operates within the Cosmos ecosystem via an IBC connection...
Weekly roundup: Bitcoin on a roller coaster, while Russia specifies the legal status of cryptocurrencies
The past week was eventful: Bitcoin once again demonstrated classic volatility, Russia's Supreme Court made an important step in recognizing digital assets, and the European regulator is tightening requirements for crypto exchanges. Let's break down the key events.Bitcoin: Surge, Fall, and Return to Origins The week started with confident growth: the first cryptocurrency jumped from around $64,000 to a local high of $67,278 amid news of a potential truce between the U...
Toss Bank and Solana join forces: a new blockchain-based financial platform
The first phase of the collaboration involves testing cross-border transfers using stablecoins. Engineers will verify the technical feasibility of the idea and conduct pilot settlements...
Vulnerability in Taiko L2 Network: Hacker Withdraws $1.7 Million, Bridges at Risk
As a result of the attack, the attacker stole native TAIKO tokens and various "wrapped" ETH...
Polymarket paid bloggers for fake winning videos: a fraud scheme revealed
The prediction platform Polymarket has found itself at the center of a scandal. It turned out that the company secretly financed content creators who filmed staged videos supposedly showing winning bets. The videos were distributed on social media as covert advertising, which grossly violates the transparency principles of the crypto market.My analysis shows that the scale of the scheme is impressive...
Volatility and Liquidity: Analysis of the Current Situation with Withdrawals from Cryptocurrency Exchanges
Analysis of on-chain data shows that over the past week, net outflows from the top 10 exchanges exceeded $1...
The market is stable: Analysis of the current balance replenishment situation
This pattern is typical of accumulation periods, when the market prepares for its next significant move...
Liquidity is drying up, the era of bonds is over: what this means for Bitcoin
Bull Theory: The Money in the System Has Run Out According to calculations by analyst Bull Theory, the indicator of excess cash in the financial system has turned negative for the first time since 2021...
Crypto Morning June 22: Polymarket on lies, Secret Network hacked for $4.7 million, Japanese pension fund buys BTC
The US-Iran Roadmap: How Geopolitical De-escalation Will Affect Bitcoin
Under the agreements reached, a High Committee is being established for political oversight of the negotiation process...
June 2026: A wave of crypto project hacks — more than 20 incidents in one month
Attack on Taiko: Details and Consequences Taiko is an Ethereum-compatible rollup that finalizes transactions on the main network...
The CLARITY Act: A Lifeline for Crypto Developers or a New Era of Regulation?
The Tornado Cash Case as a Catalyst The main reason for the bill's introduction was the high-profile case of Tornado Cash co-founder Roman Storm...
Bitdeer surges: Bitcoin mining up 370% year-over-year — what's behind this leap?
The key driver is the explosive growth of its own hash rate. Over the year, it increased by almost 420%: from 13.6 EH/s to 70...
Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Leads to $4.67 Million Loss
Technical Details of the Incident According to an analysis conducted by Axelar's core developer team, Common Prefix, the vulnerability was discovered in the ICS-20 smart contract operating on the Secret Network side within the Cosmos IBC connection...
Week in Review: Bitcoin Tests Nerves, While Russian Courts Change the Rules of the Game
The past week was packed with events that once again demonstrated the dual nature of the crypto market: on one hand — classic high volatility, on the other — tectonic shifts in the regulatory environment that are shaping the industry's long-term landscape. Let's break down the key points.Bitcoin: A Geopolitical Rollercoaster The leading digital asset started the week with a confident rise from $64,000 to a local peak of $67,278...
Toss Bank and Solana join forces: a new era of cross-border payments on the blockchain
In the first phase of the collaboration, the bank is launching a pilot project to test cross-border transfers using stablecoins...
Critical vulnerability in Taiko: hacker compromised verification mechanism and stole $1.7 million
On June 22, a serious security incident occurred in the ecosystem of the L2 solution Taiko. An attacker managed to hack the blockchain state verification mechanism of the network, jeopardizing all bridges deployed on the platform.Taiko developers promptly confirmed the compromise and stated that the security of bridge protocols can no longer be trusted. Users are strongly advised to immediately withdraw all funds from bridges integrated with the network...
Withdrawing funds from cryptocurrency exchanges: key aspects and strategies for investors
The main withdrawal methods are divided into two types: fiat (to bank cards or accounts) and cryptocurrency (to external wallets)...
Market Analysis: How Account Top-Ups Shape Current Cryptocurrency Dynamics
According to my data, the volume of incoming transactions to major centralized exchanges has increased by 18% over the past 24 hours. Most of the funds are coming from wallets that have been inactive for several months...
Double Alarm: McGlone and Dalio Warn of Market Overheating and Bitcoin's Fate
The end of the "cheap money" era: what awaits bitcoin amid a liquidity crisis
Bull Theory highlights a critical indicator: excess liquidity in the financial system has turned negative for the first time since 2021...
Market on pause, Polymarket under fire, Secret Network hacked for $4.7 million: digest for June 22
Middle East De-escalation: How the 60-Day US-Iran "Roadmap" Shifts the Dynamics for Bitcoin
According to the final statement, a High Committee will be established for political oversight of the negotiations...
June 2026 sets anti-records: over 20 crypto project hacks in one month
Attack on Taiko: Incident Details Taiko is an Ethereum-compatible rollup that aggregates transactions and finalizes them on the mainnet...
Bitdeer increased bitcoin mining by 370% over the year: hash rate grew by 420%
Mining company Bitdeer is demonstrating impressive growth rates. In May of this year, the volume of mined bitcoin reached 921 BTC, a 370% increase compared to May of the previous year, when only 196 BTC were mined. This leap indicates a large-scale expansion of the company's operational capacity.The key driver of this growth was a significant increase in its own hash rate. Over the year, this metric surged by nearly 420% — from 13...
Axelar Bridge and Secret Network Hack: Infinite Minting Vulnerability Leads to $4.67 Million Loss
As my analysis showed, the problem lay in the modified CW20-ICS20 smart contract on the Secret Network side, used within the Cosmos IBC connection...
Weekly Review: Bitcoin on a Rollercoaster, while the Supreme Court of the Russian Federation Changes the Rules of the Game
Bitcoin and Altcoins: Who is in the Green? Pressure on the leading cryptocurrency intensified after the US Federal Reserve meeting, which was held for the first time by the new chairman, Kevin Warsh...
Toss Bank and Solana Launch a Revolutionary Financial Platform: Cross-Border Transfers on the Blockchain
In the first phase of the project, the bank will conduct pilot testing of cross-border transfers using stablecoins...
Critical Taiko Hack: Security of All L2 Network Bridges at Risk
As a result of the attack, according to developers, trust in the security of all bridges deployed on the Taiko network has been completely lost. Users are strongly advised to immediately withdraw funds from any bridge protocols operating on this L2 infrastructure...
Withdrawing funds from cryptocurrency exchanges: a critical analysis of the current situation and hidden risks for users
Key data: the net outflow of funds from the largest trading platforms over the past week has exceeded $1...