Initia paused its network following a security incident. The Block cited on-chain data reporting that a $2.7 million Ethereum transfer took place during the outage.
The attacker was reportedly said to have minted tokens. Initia is still investigating the scope of the incident, and the exact amount of tokens minted and the impact have not been disclosed.
The confirmed information is limited to the network outage and the Ethereum transfer. There is no official account yet of the scale or cause of the losses, so the extent of the impact remains unclear.
The attacker was reportedly said to have minted tokens. Initia is still investigating the scope of the incident, and the exact amount of tokens minted and the impact have not been disclosed.
The confirmed information is limited to the network outage and the Ethereum transfer. There is no official account yet of the scale or cause of the losses, so the extent of the impact remains unclear.