$INIT 1. The Hack: A hacker found a loophole in the code and printed fake money (unbacked tokens). He managed to take about *$2.7M* out before Initia hit the emergency stop button and shut down the network.
2. The Fix for Users: Initia Foundation said - don't worry. We will pay from our own treasury to make every victim whole again. 1:1 backing will be restored. Also, the original $INIT coin supply is 100% safe, not hacked.
3. What's Next: The loophole is now patched and checked by external security auditors. The team is just getting ready to turn the network back ON.
4. Price: Price was shaky after the news, now recovering to *$0.21 - $0.23* because people are hopeful for the restart. Network was exploited, team stopped it, will refund users, fixed the bug, and will restart soon. #USMidtermElections #INIT
Current Price: ~ $77,370 - $78,386 f722 $BTC Dropped from intraday high $81,971 to low $76,500 today, down about -3.4% on the day. Market is showing weakness after failing near the 50-day MA and ahead of Fed macro data #BinanceWillListPredictPREDICT #BTC #BTC、
$USDC – Latest Update 💵 $1.00 Stable Good news 🚀 USDC is designed to stay around $1. Circle says it has $71 billion USDC in circulation. It is backed by cash and US Treasury assets. European regulators are increasing supervision of USDC from November 12. Circle +1 #USDC✅ #USDC #KOSPIFalls3.53%BackBelow6000