Initia suffered a $3.27 million asset theft following a Google Cloud key breach that allowed an attacker to access its systems and validate fake withdrawals. The breach exposed sensitive credentials and led to unauthorized transfers from five rollups on Initia's layer-1 network. After detecting the theft, Initia and its validators halted the network, freezing about $2.16 million of the stolen funds. This is the second security incident for Initia in under three weeks, and the company is rebuilding its infrastructure while planning to fully restore affected assets, though no restart date has been announced.
The story about Initia's $3.27 million asset theft provides context for readers. For those following cryptocurrency markets, here is Pluang's market snapshot: out of 50 major cryptocurrencies, 9 rose and 40 fell today. Notable moves include EOS up 8.13% at Rp12.649, BAT down 4.71% at Rp2.229 with 100% buy order activity, and GRT down 4.36% at Rp316 with 100% sell order activity, as of Nov 11, 2026 14:02 WIB.
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