Initia paused its blockchain after $615,000 flowed out of its cross-chain asset custody account.
According to CryptoPotato, most of the assets transferred out of the custody account remain on the halted L1, so their availability is tied to the network’s recovery process. In other words, the assets have left custody, but that doesn’t mean they have been settled off-chain.
· The affected assets are held in custody through Initia’s cross-chain bridge, and their status depends on whether the L1 can recover.
· This report does not explain why the network was paused or when it will resume.
Would you track validator status first, or changes in the custody account balance?
#Initia
According to CryptoPotato, most of the assets transferred out of the custody account remain on the halted L1, so their availability is tied to the network’s recovery process. In other words, the assets have left custody, but that doesn’t mean they have been settled off-chain.
· The affected assets are held in custody through Initia’s cross-chain bridge, and their status depends on whether the L1 can recover.
· This report does not explain why the network was paused or when it will resume.
Would you track validator status first, or changes in the custody account balance?
#Initia
