Initia says its main network and rollups are back online after the October security incident. The November 2 update also says backing for AUSD0, USDC.n and WETH has been fully restored.
Transfers are a separate part of the recovery. In the same thread, Initia expected bridges and exchanges to resume later that day, rather than confirming they were already open. It also announced 24-hour withdrawal times for the LayerZero versions of WETH and AUSD0, with an hourly withdrawal limit for Noble USDC.
For holders waiting to move funds, the network restart is the new milestone. The route and token still determine when a withdrawal can leave.
Source: Initia's November 2 update.
https://x.com/initia/status/2117120717468958926
#Initia #Crypto
Transfers are a separate part of the recovery. In the same thread, Initia expected bridges and exchanges to resume later that day, rather than confirming they were already open. It also announced 24-hour withdrawal times for the LayerZero versions of WETH and AUSD0, with an hourly withdrawal limit for Noble USDC.
For holders waiting to move funds, the network restart is the new milestone. The route and token still determine when a withdrawal can leave.
Source: Initia's November 2 update.
https://x.com/initia/status/2117120717468958926
#Initia #Crypto