A hacker exploited a vulnerability in the Initia blockchain to mint $2.7 million worth of unauthorized cryptocurrency, prompting validators to halt the network to prevent further damage. This incident raises concerns about the network's security and token issuance controls, affecting users, validators, and integrated protocols. The Initia team is investigating and working on a patch before safely restarting the network. Users are advised to monitor official channels for updates and avoid interacting with unofficial recovery offers.
The recent hacking incident involving the Initia blockchain provides context for cryptocurrency market activity. For readers following digital assets, here is Pluang's market snapshot as of Oct 24, 2026 12:21 WIB: of 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell today. Notable movers include XNO (Nano) at Rp5.952 with a 1-day change of -3.49% and 100% sell order activity, BCH (Bitcoin Cash) at Rp5.006.138 with a -3.31% change and 56% sell order activity, and SNX (Synthetix) at Rp3.719 with a -3.30% change and 100% buy order activity.
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