Axelar exploit raises questions about bridge security

Another bridge exploit, another reminder

Just saw that Axelar's private bridge to Secret Network was exploited for $4.67M — an attacker minted unbacked tokens and redeemed them for real assets in minutes. The exploit went unnoticed for 9 days because of Secret Network's encrypted transactions. That's pretty alarming, isn't it? 🤔

What does this mean for $AXL and other bridge tokens? Trust is everything in cross-chain infrastructure, and incidents like this tend to weigh on sentiment. Could we see more scrutiny on bridge security — and maybe a rotation to more resilient designs? Curious how the market prices this risk going forward.