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 processes, similar to past hacks like UXLINK and Humanity. The broader context shows that in early 2026, public security breaches caused nearly $956 million in losses, emphasizing the need for stronger blockchain security measures. The final total loss for Initia remains uncertain as transfers continue.
The Initia blockchain attack and its $2.6 million cash out provide context for cryptocurrency market activity. For readers following crypto broadly, here is Pluang's market snapshot as of Oct 24, 2026 12:21 WIB: out of 50 major cryptocurrencies, only 8 rose while 41 fell. Notably, SAND dropped 7.15% to Rp917 with 60% sell orders, BAT declined 6.40% to Rp2,901 with 84% sell orders, and ATOM fell 6.39% to Rp30,237 with a more balanced 54% sell orders.
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...
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 i...
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