🚨 INIT SECURITY CRISIS: TWO BREACHES IN JUST 18 DAYS!
Something seriously concerning is happening with Initia (INIT).
🔴 Oct 23: $2.7M security exploit.
🔴 Nov 2: Network restarted after repairs.
🔴 Nov 9: Rollups temporarily paused for investigation.
🔴 Nov 10: Another $615K incident forced the network to halt again.
💸 Total reported losses: $3.3 MILLION.
📉 TVL down over 90% from its peak.
But here’s what makes this even more concerning.
🚀 INIT surged 60–80% during the security crisis.
🔥 Futures volume reportedly exploded to $883M, up 3,319%.
🔥 Spot volume jumped 1,400%.
🔥 Funding rate: −1.8253%.
🔥 Futures liquidations: $2.56M.
How can trading activity explode while network security and asset recovery remain uncertain?
Is this genuine demand, a massive short squeeze, or a potential fake pump?
These figures raise serious red flags, although manipulation has not been proven.
⚠️ A TEMPORARY NETWORK RESTART IS NOT A FULL RECOVERY.
⚠️ A MASSIVE PRICE PUMP DOES NOT MEAN THE PROJECT IS SAFE.
Investors deserve transparency, not just rising charts.
BE CAREFUL. DON’T BECOME EXIT LIQUIDITY.
#INIT #Initia #CryptoWarning #CryptoSecurity #FakePump #CryptoRisk $INIT
Something seriously concerning is happening with Initia (INIT).
🔴 Oct 23: $2.7M security exploit.
🔴 Nov 2: Network restarted after repairs.
🔴 Nov 9: Rollups temporarily paused for investigation.
🔴 Nov 10: Another $615K incident forced the network to halt again.
💸 Total reported losses: $3.3 MILLION.
📉 TVL down over 90% from its peak.
But here’s what makes this even more concerning.
🚀 INIT surged 60–80% during the security crisis.
🔥 Futures volume reportedly exploded to $883M, up 3,319%.
🔥 Spot volume jumped 1,400%.
🔥 Funding rate: −1.8253%.
🔥 Futures liquidations: $2.56M.
How can trading activity explode while network security and asset recovery remain uncertain?
Is this genuine demand, a massive short squeeze, or a potential fake pump?
These figures raise serious red flags, although manipulation has not been proven.
⚠️ A TEMPORARY NETWORK RESTART IS NOT A FULL RECOVERY.
⚠️ A MASSIVE PRICE PUMP DOES NOT MEAN THE PROJECT IS SAFE.
Investors deserve transparency, not just rising charts.
BE CAREFUL. DON’T BECOME EXIT LIQUIDITY.
#INIT #Initia #CryptoWarning #CryptoSecurity #FakePump #CryptoRisk $INIT
