Initia paused its Layer 1 blockchain network and rollups after a suspected minting exploit allowed about $2.6 million in unauthorized cash-outs. The team is working with security experts, validators, and exchanges to investigate and assess the full impact. Users are warned to avoid unofficial sources as the investigation continues, with no restart date announced yet. The attacker’s Ethereum wallet held roughly $2.65 million in Ether, while Initia’s wallet still contains significant assets. Verified updates will be shared through official channels.
Initia's recent security incident involved a suspected minting exploit with about $2.6 million in unauthorized cash-outs. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 24, 2026 12:21 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell. Notable movers include BAL (Balancer) at Rp16.297 with an 11.14% increase, EOS (EOS.IO) at Rp12.649 up 8.13%, and DOT (Polkadot) at Rp19.568 down 7.60%, with a typical hold time of 122 days and a Pluang order activity split of 48% Sell / 52% Buy.
Anthropic reported a massive increase in revenue, reaching $16.3 billion in the first half of 2026 compared to just $1.1 billion in the same period last year. This surge highlights rapid growth and strong demand for its products or services. The dram...
The Initia blockchain suffered a security exploit allowing an attacker to mint unlimited tokens and cash out approximately $2.6 million so far, with more funds still being transferred. This incident highlights ongoing vulnerabilities in token minting...
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