Initia Blockchain Hacked — L1 and Rollups Halted, $2.7M Moved
Initia halted its Layer 1 and all rollups after a security incident in which an attacker reportedly minted tokens without limit, with onchain data showing ~1,135 ETH (~$2.7M) transferred.
What we know
@TheBlockCo reported the halt as of 15:41 UTC on October 23, with the team investigating alongside validators. Early reports cited unauthorized token minting, and onchain data confirmed a 1,135 ETH transfer. An account on X corroborated the story, noting Initia was still assessing the full scope of the incident.
Sources
“Initia has halted its Layer 1 and rollups following a security incident; attacker minted tokens without limit; 1,135 ETH (~$2.7M) transferred”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.