▼ Bearish
A sophisticated exploit targeting a MoveVM vulnerability led to the unauthorized minting of tokens and the bridging of approximately $2.7 million in AUSD, ETH, and USDC on October 25.
In response to the incident, Initia has halted its blockchain and rollups to conduct a thorough investigation. Co-founders confirmed that native INIT tokens remain secure and unaffected by the breach.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.