The on-chain “emergency brake” has been pulled again 🛑 According to The Block, Initia paused its Layer 1 and related rollups on Friday after an attacker allegedly minted around $2.7 million worth of tokens without authorization and transferred the funds out. Details about $INIT and the progress of the follow-up fixes are still pending an official update. Hitting the brakes can limit losses, but it also shows that contract and permission security must come before any narrative. Would an incident like this change how you use new chains? #OnchainSecurity