Initia suspended its layer-1 blockchain and rollups after blockchain investigators reported an exploit that drained more than $2.6 million in crypto assets. Initia said the network stopped at 3:41 p.m. UTC on Friday. D2 Finance reported that an attacker created 2 million AUSD tokens without sufficient backing and transferred assets to Ethereum. Initia has not publicly verified the loss estimates or the exploit's exact cause, and the schedule for restarting the network remains unknown.