On October 23, 2026, a hacker exploited an infinite token minting vulnerability on Initia Chain, a modular layer one blockchain, creating tokens without limit and swapping them for real assets worth about $2.6 million. The attacker continued moving more funds, raising concerns about the security of Initia's complex interwoven rollup architecture. Initia, launched in 2025 with strong investor backing and multiple audits, has yet to issue an official response or detailed explanation. The incident highlights risks in modular blockchain designs and the potential impact on liquidity providers who accept these minted tokens.
The hacker attack on Initia Chain provides context for market watchers. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 23, 2026 22:21 WIB: out of 50 major cryptocurrencies, 36 rose and 12 fell. VeChain (VET) rose 3.43% to Rp131 with a typical hold time of 148 days, Basic Attention Token (BAT) increased 3.25% to Rp3,136, and Terra Classic (LUNC) gained 2.68% to Rp0.837.
FS Bancorp, Inc. has appointed Matthew D. Mullet as a director on the boards of both the company and its bank, 1st Security Bank of Washington, effective October 22, 2026. Mullet, who has been President since 2024 and CEO since 2025-2026, brings exte...
The global protein ingredients market, valued at $42.3 billion in 2025, is projected to grow to $65 billion by 2032 with a CAGR of 6.3%. Growth is driven by rising consumer demand for health-focused, protein-enriched foods, sports nutrition, and sust...
AX1 has launched Console 2.0, a platform on the Base blockchain that lets AI agents perform tasks and get paid in USDC using the x402 payment standard by Coinbase. This new version simplifies setup, allowing users to deploy AI agents quickly to work ...
The global generator cooling systems market is projected to grow from $3.76 billion in 2026 to $5.03 billion by 2031 at a CAGR of 6.0%. Growth is fueled by rising demand for reliable backup and continuous power in expanding data centers, industrial f...
The global computed tomography (CT) market is undergoing significant innovation driven by photon-counting technology, AI integration, mobile imaging, and point-of-care applications. These advancements are enhancing image quality, workflow efficiency,...
