Initia is still dark — and now we know the chain was only back for 8 days.
$INIT is down 48% today, and the update is not getting better. Here is the latest:
• Price: $0.1245, down 48.3% in 24h, on $39.3M volume
• The chain has been halted since Nov 10, 06:18 UTC. Still no restart date.
• The attacker got in with a leaked Google Cloud key and forged withdrawals from five rollups — about $3.27M moved.
• About $2.16M of it is stuck on the halted chain. Roughly $1.1M got out.
• The team is rebuilding everything from scratch and says it will take longer than a normal restart. Law enforcement is involved.
The chain only came back on Nov 2 after the first hack on Oct 23. Eight days later, it stopped again.
Can a chain survive being hacked twice in three weeks?
Not financial advice.
#Initia #CryptoNews
$INIT is down 48% today, and the update is not getting better. Here is the latest:
• Price: $0.1245, down 48.3% in 24h, on $39.3M volume
• The chain has been halted since Nov 10, 06:18 UTC. Still no restart date.
• The attacker got in with a leaked Google Cloud key and forged withdrawals from five rollups — about $3.27M moved.
• About $2.16M of it is stuck on the halted chain. Roughly $1.1M got out.
• The team is rebuilding everything from scratch and says it will take longer than a normal restart. Law enforcement is involved.
The chain only came back on Nov 2 after the first hack on Oct 23. Eight days later, it stopped again.
Can a chain survive being hacked twice in three weeks?
Not financial advice.
#Initia #CryptoNews