Initia's layer-1 blockchain network and rollups have resumed operations following a halt due to a mint exploit that led to an estimated $2.6 million being withdrawn fraudulently. While the network is back online and the backing of assets like AUSD0, USDC.n, and WETH has been fully restored, withdrawal controls remain in place. Withdrawals of WETH and AUSD0 now require 24 hours for processing, and Noble USDC withdrawals are limited on an hourly basis. Cross-chain bridges and trading platforms are expected to resume transfers later on Monday, signaling a gradual return to normal activity.
Initia's layer-1 blockchain and rollups resuming normal operations provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 02, 2026 12:21 WIB: out of 50 major cryptocurrencies, 18 rose and 31 fell today. Notable movers include BAT at Rp2.440 with a 1-day change of -2.76%, ATOM at Rp26.770 down 2.62%, and UNI at Rp132.113 up 2.61%.
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Initia has restored its Layer 1 network and rollups following a security incident that caused a pause in operations. Cross-chain bridge and trading-platform transfers are expected to resume on Nov 2, with withdrawals of WETH and AUSD0 assets requirin...
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