Secret Network bridge exploited in $4.7 million ‘infinite mint’ attack

Secret Network’s bridge was exploited in an attack that went undetected for about a week. The attacker moved the funds into Ethereum and later to exchanges.

Secret Network bridge exploited in $4.7 million ‘infinite mint’ attack

What happened?

Secret Network’s bridge was exploited in an attack that went undetected for about a week. The attacker moved the funds into Ethereum and later to exchanges.

Why it matters

The incident matters because bridge exploits remain one of the most damaging attack vectors in crypto, affecting users, protocols, and liquidity across multiple chains. When bridged assets are compromised, the impact can extend beyond the targeted network and create broader security concerns for the ecosystem.

Secret Network’s bridge was exploited in a $4.7 million attack tied to an “infinite mint” bug, with the activity going unnoticed for about a week. According to the source, the attacker then moved the stolen assets into Ethereum and later sent them to exchanges.

The incident matters because bridge exploits remain one of the most damaging attack vectors in crypto, affecting users, protocols, and liquidity across multiple chains. When bridged assets are compromised, the impact can extend beyond the targeted network and create broader security concerns for the ecosystem.

In this case, the delay in detection gave the attacker time to move the funds through other networks and into exchange venues, which can make recovery more difficult. The report highlights how quickly cross-chain vulnerabilities can ripple through connected platforms once an exploit is underway.

Secret Network has not been described in the source as the only protocol facing this kind of risk, but the case adds to a long list of bridge-related incidents that have tested confidence in cross-chain infrastructure. It also underscores the operational challenge of monitoring complex systems for subtle bugs that can remain hidden after deployment.

Source: Cointelegraph

Keep exploring

Related stories

Bitget to Leave Japan and Close Remaining Positions by Year-End

Bitget to Leave Japan and Close Remaining Positions by Year-End

Bitget plans to exit the Japanese market and close all remaining positions by the end of the year. The move adds to ongoing shifts among crypto companies navigating Japan’s regulatory environment.

Read
State of Crypto countdown highlights key industry developments

State of Crypto countdown highlights key industry developments

CoinDesk’s State of Crypto coverage counts down recent developments shaping the crypto policy and market landscape. The report frames these changes as important for how companies and participants navigate the sector.

Read
Strategy Keeps STRC Dividend at 12%

Strategy Keeps STRC Dividend at 12%

Strategy said it is holding the dividend on its STRC preferred stock at 12%. The decision keeps the payout unchanged for investors in the company’s yield-focused security.

Read