☠️ A second hack rocks the Initia network in less than 3 weeks!
The Initia blockchain network suffered a new security attack, resulting in the theft of $3.27 million worth of digital assets.
According to reports, the attacker exploited compromised cloud credentials to access the network’s infrastructure and carry out unauthorized cross-chain transfers.
🚨 In response to the attack, developers halted the network, freezing around $2.16 million of the stolen funds.
More alarmingly, this breach follows a previous attack on October 23, which resulted in losses of around $2.7 million.
📊 Estimated total losses from the two incidents are approaching $5.97 million!
Has cloud infrastructure become a serious vulnerability threatening the security of blockchain projects?
#CryptoSecurity #Initia #CryptoNews #Blockchain
The Initia blockchain network suffered a new security attack, resulting in the theft of $3.27 million worth of digital assets.
According to reports, the attacker exploited compromised cloud credentials to access the network’s infrastructure and carry out unauthorized cross-chain transfers.
🚨 In response to the attack, developers halted the network, freezing around $2.16 million of the stolen funds.
More alarmingly, this breach follows a previous attack on October 23, which resulted in losses of around $2.7 million.
📊 Estimated total losses from the two incidents are approaching $5.97 million!
Has cloud infrastructure become a serious vulnerability threatening the security of blockchain projects?
#CryptoSecurity #Initia #CryptoNews #Blockchain