Initia temporarily paused operations on affected rollup networks after detecting unauthorized transfers from a mainnet account used across multiple rollups. The incident involved about 605,000 USDC and other tokens worth around $10,000 transferred before the halt. Initia suspects a key compromise related to rollup infrastructure and forged Inter-Blockchain Communication transactions. The team is working with validators, security experts, and exchanges to assess the situation and restore normal operations, with no evidence so far that user funds were impacted.
Initia's recent pause of rollup operations following unauthorized transfers provides context for readers tracking cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 11, 2026 10:01 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include ALGO at Rp1.609 with a 1-day change of -3.83% and a typical hold time of 131 days, ZIL at Rp29 down 3.76% with a 134-day hold, and XRP at Rp19.108 down 3.52% with a 73-day hold time. Pluang order activity shows strong selling pressure on ALGO (97% Sell) and mixed activity on ZIL (36% Sell) and XRP (44% Sell).
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BAIC FOTON unveiled a new supercharging strategy in Beijing, introducing the world's first supercharged light truck AUMARK Z and heavy-duty megawatt trucks. The strategy integrates vehicles, charging stations, grids, and cloud platforms to optimize e...
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