Initia halts blockchain after $615K exploit as INIT price surges over 60%
9 Articles
9 Articles
ChainCatcher reports that Initia posted on its X platform disclosing the progress of its security incident investigation. The post stated that on November 9th, attackers used a leaked GCP key (used to configure private nodes) to illegally access Initia's infrastructure via command injection. This allowed them to obtain Initia's GitHub, GCP account, and other credentials, as well as access to the Rollup hosting platform Anvil. This enabled them t…
The blockchain Initia (INIT) suspended its network on November 10, 2026 after a second hack in less than three weeks. At least 615,000 dollars were stolen, bringing the cumulative losses to 3.3 million dollars. An amount now more than the total value locked on the blockchain that had initially been supported by Binance Labs. The article Pirated 2 times in 3 weeks, the blockchain Initia loses more than 3 million dollars appeared first on Cryptoas…
Initia stopped block production after detecting unauthorized transfers from custody accounts linked to its rolls. The team estimates preliminary that they came out close to $615,000, while CertiK reported USD $636,000 in suspicious movements and the token INIT advanced more than 60% in 24 hours.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
