CryptoCointelegraphabout 2 hours ago
Initia Halts Blockchain After $2.6M Exploit
2 min read
Initia halted its layer-1 blockchain and rollups on Friday at 3:41 p.m. UTC after security researchers identified an exploit allowing unauthorized token minting. The incident reportedly drained over $2.6 million in crypto assets, with stolen funds consolidated into an Ethereum wallet worth $2.73 million.
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