Initia paused its layer-1 blockchain on November 10 following unauthorized transfers totaling around $615,000 due to compromised rollup infrastructure keys. This is the second halt in less than three weeks, after an earlier $2.7 million exploit in October. The attack involved fabricated Inter-Blockchain Communication transfers from escrow accounts bridging assets across Initia's ecosystem. While the investigation continues, most stolen assets remain on the halted blockchain, and Initia is working with security experts and exchanges to assess the damage and recovery options. Despite the security issues, the INIT token surged over 60% in value during the suspension period.
As of Nov 10, 2026 18:42 WIB, INIT token trades at Rp3.760 on Pluang, showing a remarkable 62.81% increase in one day despite the recent blockchain halts and security breaches. The market cap stands at Rp826,67 million with a 24-hour trading volume of Rp1,92 trillion. Sell orders dominate at 62%, while typical holders keep their INIT for about 16 days, highlighting active trading amid ongoing uncertainty.
