Thank you for your ongoing patience. We are preparing to bring the Initia L1 and its associated rollups back online on Monday, November 2, 2026.
To facilitate this restart, a network upgrade will introduce a MoveVM patch that has successfully passed an independent audit. This crucial update will activate new security protocols and quarantine any forged balances left behind by the attacker, all while preserving the entire transaction history without any rollbacks.
You will not need to take any action regarding your assets, as the full backing for AUSD0, USDC.n, and WETH will be completely reinstated before the network resumes operations. Furthermore, the Initia DEX will initially remain paused for a short period upon restart. This measure is intended to safeguard users and liquidity providers while a designated account adjusts the liquidity pools to match current market prices. Any profits generated during this rebalancing phase will be distributed directly back to the impacted liquidity providers.
We anticipate that exchanges and bridges will open up for transfers again once the live network has undergone careful monitoring. Taking an extra cautious approach, we have established a 24h withdrawal period for the LayerZero OFTs WETH and AUSD0.
Expect another announcement from us on Monday the moment the network is fully operational, live, and ready for you to use. In the meantime, please stay alert and avoid interacting with any unofficial claims, messages, or links.
To facilitate this restart, a network upgrade will introduce a MoveVM patch that has successfully passed an independent audit. This crucial update will activate new security protocols and quarantine any forged balances left behind by the attacker, all while preserving the entire transaction history without any rollbacks.
You will not need to take any action regarding your assets, as the full backing for AUSD0, USDC.n, and WETH will be completely reinstated before the network resumes operations. Furthermore, the Initia DEX will initially remain paused for a short period upon restart. This measure is intended to safeguard users and liquidity providers while a designated account adjusts the liquidity pools to match current market prices. Any profits generated during this rebalancing phase will be distributed directly back to the impacted liquidity providers.
We anticipate that exchanges and bridges will open up for transfers again once the live network has undergone careful monitoring. Taking an extra cautious approach, we have established a 24h withdrawal period for the LayerZero OFTs WETH and AUSD0.
Expect another announcement from us on Monday the moment the network is fully operational, live, and ready for you to use. In the meantime, please stay alert and avoid interacting with any unofficial claims, messages, or links.