The Initia layer-1 blockchain suffered a second hack in three weeks when an attacker used a compromised Google Cloud key to access internal systems and approve forged withdrawals from five rollups, moving about $3.27 million. Approximately $2.16 million of the stolen assets remain frozen due to the network halt since November 10, preventing any on-chain transactions. No INIT tokens were taken; the attack targeted bridged assets like USDC and TIA. Initia has not announced a restart date but promises to restore backing for affected tokens and is working with law enforcement. Investors should avoid fake refund sites and monitor official channels for updates.
The Initia hack involving a cloud key exploit is the story's subject, here is Pluang's market snapshot as of Nov 11, 2026 18:21 WIB: Among 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell today. Notable movers include THETA at Rp2.499 with a 1-day change of -2.72% and 100% buy order activity, GRT at Rp319 with -2.63% and 100% sell order activity, and SNX at Rp2.958 with +2.42% and a near-even sell/buy split. Typical hold times range from 71 to 100 days across these assets.
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