Initia lost a total of $3.3 million in two security incidents in less than three weeks. On Tuesday morning, compromised infrastructure keys caused losses of at least $615,000, and the blockchain was subsequently halted. Initia said most assets transferred out of custodial accounts remain on the blockchain and may be recovered through coordination among validators. The combined losses exceed Initia’s current total value locked, which has already fallen more than 90% from its peak.