Initia halts its chain twice a week—more regularly than I’m late for work.
It halted once last time on October 23. This time, over 600,000 USDC was transferred out directly. The team says someone got hold of the rollup key and used it to forge cross-chain transfers.
I’m such an honest person I write down my wallet’s seed phrase three times, while hackers launder money by scattering coins across 16 chains and more than 20,000 wallets—they’re acting like they’re taking a stroll around their own living room.
So here’s the question: the chain has halted twice, and the team can’t even say whether it was the same people both times. How many times should I trust it to restart?
Anyone in the comments who knows their stuff, care to translate this for me—is this a major incident or routine maintenance? $INIT #Security
It halted once last time on October 23. This time, over 600,000 USDC was transferred out directly. The team says someone got hold of the rollup key and used it to forge cross-chain transfers.
I’m such an honest person I write down my wallet’s seed phrase three times, while hackers launder money by scattering coins across 16 chains and more than 20,000 wallets—they’re acting like they’re taking a stroll around their own living room.
So here’s the question: the chain has halted twice, and the team can’t even say whether it was the same people both times. How many times should I trust it to restart?
Anyone in the comments who knows their stuff, care to translate this for me—is this a major incident or routine maintenance? $INIT #Security
