🚨 $INIT is rallying while its blockchain is HALTED — and the latest security findings are far more serious than yesterday's rollup disruption
Initia now says attackers compromised its cloud infrastructure and gained access to Anvil, the platform hosting its rollups
That allowed forged IBC withdrawals to be validated across FIVE rollups
The damage so far 👇
$INIT
💸 Approximately $3.27M moved from bridge escrow accounts to an attacker-controlled address
🔒 Around $2.16M remains immobilized on the paused L1
⛔ Initia halted its L1 on November 10 at 06:18 UTC
But $3.27M moved doesn't mean $3.27M permanently escaped the network
Initia says no native $INIT was withdrawn, and it intends to restore affected asset backing
The recovery plan and restart timeline remain unconfirmed
The overlooked risk is the trust boundary — even secure onchain contracts can be exposed when the infrastructure validating cross-chain messages is compromised
For affected users, verified asset backing, security hardening and a safe restart matter more than today's token rally
Avoid unofficial recovery links
A rising token price doesn't prove a halted network is safe
#Initia
Initia now says attackers compromised its cloud infrastructure and gained access to Anvil, the platform hosting its rollups
That allowed forged IBC withdrawals to be validated across FIVE rollups
The damage so far 👇
$INIT
💸 Approximately $3.27M moved from bridge escrow accounts to an attacker-controlled address
🔒 Around $2.16M remains immobilized on the paused L1
⛔ Initia halted its L1 on November 10 at 06:18 UTC
But $3.27M moved doesn't mean $3.27M permanently escaped the network
Initia says no native $INIT was withdrawn, and it intends to restore affected asset backing
The recovery plan and restart timeline remain unconfirmed
The overlooked risk is the trust boundary — even secure onchain contracts can be exposed when the infrastructure validating cross-chain messages is compromised
For affected users, verified asset backing, security hardening and a safe restart matter more than today's token rally
Avoid unofficial recovery links
A rising token price doesn't prove a halted network is safe
#Initia
