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Initia drafts fix and audits vulnerability to restart blockchain after $2.7M asset exploit

Protocol Fundamentals
27 Oct 2026, 12:01 WIB
Tokenpost
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Initia drafts fix and audits vulnerability to restart blockchain after $2.7M asset exploit

Initia discovered a vulnerability on October 23 that led to halting its layer 1 network and rollups to protect assets. About $2.7 million in assets were moved to Ethereum before the pause and converted to 1,135.52 Ether. Initia has drafted a fix and is currently auditing it with security partners. Once the audit is complete, Initia will release a detailed recovery plan to restore support for affected assets and restart its blockchain and rollups, though no specific restart date has been announced yet.

Initia's recent security vulnerability and audit process provide context for cryptocurrency market activity. For readers following the crypto market, here is Pluang's snapshot as of Oct 27, 2026 16:01 WIB: out of 50 major cryptocurrencies, 22 rose and 26 fell. Notable movers include COMP at Rp392.196 with a 3.07% increase and 100% sell activity, VET at Rp115 with a 3.01% decrease and 91% sell activity, and ENJ at Rp457 with a 2.92% increase and 69% buy activity.

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