🚨 $INIT Hacked! US$3.27 Million in Losses
Initia experienced a security incident after leaked cloud credentials were exploited by attackers to access its rollup infrastructure.
Key facts:
Approximately US$3.27 million in assets were affected.
Five rollups were impacted by the manipulation of IBC withdrawal validation.
Related infrastructure was temporarily shut down for investigation.
Analysis: This incident shows that blockchain security isn't just about smart contracts. Cloud credentials, APIs, and server access must also be protected.
Which do you think is more dangerous: a smart contract bug or a server access leak?
$INIT $TIA
#Initia #CryptoSecurity #blockchain
Initia experienced a security incident after leaked cloud credentials were exploited by attackers to access its rollup infrastructure.
Key facts:
Approximately US$3.27 million in assets were affected.
Five rollups were impacted by the manipulation of IBC withdrawal validation.
Related infrastructure was temporarily shut down for investigation.
Analysis: This incident shows that blockchain security isn't just about smart contracts. Cloud credentials, APIs, and server access must also be protected.
Which do you think is more dangerous: a smart contract bug or a server access leak?
$INIT $TIA
#Initia #CryptoSecurity #blockchain