【Hacked twice in three weeks, chain halted, yet token price more than doubled in two days! INIT surges against the trend】
Initia’s mainnet was urgently halted at around 2 p.m. Beijing time on November 10 after being hacked. Using a leaked cloud server key, the attacker forged a cross-chain withdrawal and transferred about $3.27 million in assets from a cross-chain escrow account. About $2.16 million remains stuck on the halted chain. The team says it will fully reimburse the losses, but the restart date is still undecided. This is the second chain halt in three weeks. Meanwhile, Binance spot INIT rose from about $0.12 on November 9 to about $0.28, up around 55% in 24 hours, and briefly touched about $0.33.
$INIT
#Initia #黑客攻击 #INIT
Initia’s mainnet was urgently halted at around 2 p.m. Beijing time on November 10 after being hacked. Using a leaked cloud server key, the attacker forged a cross-chain withdrawal and transferred about $3.27 million in assets from a cross-chain escrow account. About $2.16 million remains stuck on the halted chain. The team says it will fully reimburse the losses, but the restart date is still undecided. This is the second chain halt in three weeks. Meanwhile, Binance spot INIT rose from about $0.12 on November 9 to about $0.28, up around 55% in 24 hours, and briefly touched about $0.33.
$INIT
#Initia #黑客攻击 #INIT