Initia halts blockchain after exploit reportedly drains over $2.6M
Summary
The Initia blockchain temporarily stopped its network operations following a security breach that allowed unauthorized token creation. Investigators detected that millions of dollars in digital assets were moved to the Ethereum network during the exploit.
The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.
Source: Read the full story at Cointelegraph.com News
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