▼ Bearish
Initia Chain has confirmed a critical security breach involving an infinite mint exploit, where attackers minted unlimited tokens.
The attackers have already cashed out an estimated $2.6 million, raising concerns about smart contract vulnerabilities in DeFi.
This incident underscores the urgent need for rigorous audit protocols as the ecosystem works to contain the damage and restore trust.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.