Axelar has disabled its Secret Network connections after an incident affecting assets bridged over IBC from the Axelar chain to Secret Network. The Axelar update placed the affected amount at roughly $4.67 million and said the issue appears isolated to the Secret-side ICS-20 smart contract used in the Cosmos IBC connection between Secret and Axelar. The emergency committee disabled the Secret and Secret-SNIP connections as a precaution.