Initia Halts Blockchain and Rollups After Reported $2.6M Exploit

Initia halts blockchain and rollups after reported $2.6M exploit

Initia has halted its layer-1 blockchain and rollups after security researcher Spreek reported unauthorized token minting and approximately $2.6 million cashed out by an attacker. Initia confirmed in its Oct. 23 statement that the suspension took effect at 3:41:30 p.m.…

Reports of Hackers Minting Tokens, Moving Millions to Ethereum

Initia halted its layer-1 blockchain and rollups after blockchain sleuths reported an exploit that allowed an attacker to mint tokens without authorization and drain more than $2.6 million in crypto assets. The network was halted at 3:41 p.m. UTC on Friday following a security incident, Initia said in a post on X. The team said […]

Initia Exploit: Reports of Hackers Minting Tokens, Moving Millions to Ethereum

The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.

Initia Halts Network After Day 0 Bug Enables Unauthorized Token Minting

Initia halted its Layer 1 blockchain and connected rollups on October 23 after a security incident allowed an attacker to mint tokens without authorization and move approximately $2.7 million worth of assets out before the network was stopped. Initia co-founder Ezaan Mangalji said preliminary findings point to a previously unknown bug in the network's MoveVM implementation on the Cosmos SDK. The vulnerability allowed unauthorized token minting b…

Initia Suspends Operations After Security Breach, Reports

Initia has halted its Layer 1 and rollup operations due to a security incident involving unauthorized token minting, resulting in significant losses.

Initia Suspends Blockchain After Reported $2.6M+ Exploit Drain

Initia has paused operations of its layer-1 network and rollups after security researchers reported an exploit that allegedly enabled unauthorized token minting and the drainage of crypto funds. The halt was initiated at 3:41 p.m. UTC on Friday, according to a post from Initia on X, as the team coordinated with validators, exchanges, and external [...]