initia

🔐 Initia Halts Network After Security Incident 🚨
The Initia blockchain reportedly halted its network following a security incident in which an attacker allegedly created unauthorized tokens.
⚠️ Security concern: Unauthorized token creation was reported.
🛠️ Response: Network operations were halted while the incident was addressed.
🔎 What to watch: Official updates on recovery and the impact on users.
🛡️ Why it matters: Blockchain security incidents can affect user confidence, token prices, and network availability.
#Initia 🔐 #InitiaNetwork 🚨 #CryptoSecurity 🛡️ #BlockchainSecurity 🔒#CyberSecurity 💻 #CryptoAlert ⚠️

🚨 Initia bridge exploit depleted USDC reserves to $63, triggering withdrawal failures. The team is patching the exploit and working on recovery, but trust in the bridge remains shaky.

💡 Market Implication: Users should avoid Initia until full reserves are restored. Monitor for broader bridge risk sentiment.

💬 Will Initia regain user trust post-recovery? #Initia

$USDC #TradingSignal #CryptoAnalysis

$INIT is showing strength near resistance, with buyers pushing price toward the recent high and momentum building for a potential continuation move.

Entry: 0.16336
TP1: 0.16800
TP2: 0.17500
TP3: 0.18200
SL: 0.15500

Buy and Trade $QNT

#INIT #Initia $T

🚨 BREAKING: INITIA NETWORK HALTED AFTER REPORTED $2.6M EXPLOIT! 🔐

A security incident has reportedly forced Initia to halt its Layer-1 blockchain and rollups after researchers flagged unauthorized token minting and roughly $2.6 million moving to Ethereum. The investigation is ongoing.

🔎 Why it matters: 🛑 Network pauses can help limit further damage while teams investigate. 🔐 Security incidents highlight the importance of audits and transparent updates. ⚠️ Users should verify official announcements before moving funds or interacting with affected contracts.

💬 Your take: When a blockchain faces a possible exploit, should the team halt the network immediately or keep it running while investigating?

🔔 Follow CryptoWithSahil for daily crypto news, market insights, and blockchain updates!

#Initia #CryptoSecurity #blockchain #CryptoNews #Web3

⚠️ URGENT: Initia Chain HALTED

Initia L1 + Rollups suspended due to security incident.

Team investigating with validators & exchanges.

🚫 DO NOT use unofficial links/DMs
✅ Only follow @Initia official

Stay safe! Check your exposure.

#Initia #SecurityAlert #crptonews

🚨 INITIA HALTED ITS CHAIN — AND THE REAL LOSS HAPPENED AT THE BRIDGES

A suspected MoveVM exploit allowed an attacker to create unbacked tokens on Initia
On-chain investigators traced roughly $2.7M in real assets leaving bridge reserves
Initia halted its L1 and connected rollups
But the biggest lesson isn't the amount stolen 👀
The attacker allegedly created tokens without backing, then used cross-chain infrastructure to redeem them for real assets
The bridges processed withdrawals against tokens that should never have existed

$INIT

⚠️ Here's the distinction
A bridge can execute exactly as designed and still release real collateral when another component violates its assumptions
Initia's co-founder says native INIT minting wasn't affected, but that doesn't establish the safety of every bridged asset
What matters now
• Verified reserve balances and affected assets
• A confirmed patch and safe restart
• Clear recovery plans for affected users
Until those answers arrive, I'd avoid bridging funds into Initia or trusting unofficial recovery links
A secure bridge is only as strong as the assets it's told to trust


$INIT #Initia

Initia's chain kept running for 42 minutes after the exploit. The attacker needed about 7 of them to get $2.7M out to Ethereum.

Initia posted its explanation on Saturday at 08:46 UTC. At 14:59 UTC on Oct 23, a bug in how its MoveVM caches scripts let malicious code skip security checks and credit the attacker with unbacked WETH, iUSD and USDC. No native INIT was minted and INIT's total supply is unchanged, the team says.

The exit went through the bridges: 105 WETH and about 1.4M AUSD0 via LayerZero, about 1.08M USDC via Noble and CCTP. On-chain analysts at D2 Finance say about $2.65M was back on Ethereum 7 minutes 21 seconds after the mint. The halt came at 15:41:30 UTC.

We checked the attacker's Ethereum wallet at block 26,262,427. It holds 1,135.52 ETH, about $2.68M at $2,362, and has not sent a single transaction yet.

For scale, $2.7M is about 8.7% of INIT's $31M market cap on CoinGecko. INIT is still up 11% on the day.

The L1 and rollups stay halted until a fix is audited, which Initia expects in a few days. Don't bridge to or from Initia before then, and ignore any "claim" or "refund" links.

$INIT $ETH
#Initia #CryptoHack
NFA. DYOR.

🚨 Initia halted its layer-1 network and rollups after unauthorized token minting and millions in assets were transferred to Ethereum.

The exploit highlights severe smart-contract risk. Market sentiment remains cautious as holders assess recovery paths.

#Initia #CryptoSecurity

$ETH #TradingSignal #CryptoAnalysis

🚀$INIT (Initia) — Is This Project Underrated? 👀

🔥 $INIT is bringing modular blockchain technology into the spotlight, aiming to make Web3 more scalable and interconnected.

💎 Could INIT surprise the market in the next crypto rally, or is it still flying under the radar?

📊 Your Opinion Matters! What’s your target for INIT in the next bull run? 👇
$INIT

#INIT #Initia #Crypto #BinanceSquare #Altcoins

Initia just hit the kill switch.

The modular L1 halted its entire network and rollups at 15:41 UTC after an attacker exploited what co-founder Zon calls a "Day 0" bug in its MoveVM implementation — minting tokens out of thin air, then swapping the unbacked stablecoins into ETH through 1inch and 0x.

The numbers: security researcher Spreek's initial estimate put the cash-out at ~$2.6M; Zon says ~$2.7M in AUSD, ETH and USDC got bridged out before the chain was paused. D2 Finance traced the first move to a transaction at 14:59:26 UTC that created 2 million unbacked AUSD — and 153 seconds later, a LayerZero message released 1.4M of it from an adapter on Ethereum. The trail consolidates to roughly 1,135 ETH in a fresh wallet.

INIT fell 14% on the news, then whipsawed back to +14% on the day. Upbit and Bithumb have now suspended INIT deposits and withdrawals and issued an investment warning.

Audited code, serious backing — and a mint bug still shipped. Before you trust a bridge's TVL numbers, what do you actually check?

#CryptoNews #DeFi #Initia #Hack

🚨 $INIT is pumping +14% on a chain that's switched off. This makes no sense. 🤯

Hackers minted tokens, took about $2.6M, and the team paused the whole network.

Korean exchanges froze transfers. And the price goes UP?

Either the market knows the native token wasn't touched, or someone is buying a bounce that can't be sold into. I think it's the second one. 👀

If you're buying this, you're betting on a restart date nobody has announced.

Am I wrong? Tell me why. 👇

#CryptoTrading #INIT #Initia

DYOR | NFA

Initia has really ground to a halt this time: at 11:41:30 a.m. Eastern Time on October 23, the L1 and all rollups were emergency-halted, and no restart time had been announced as of late that evening. The cause was a Day 0 vulnerability in MoveVM on Cosmos SDK. An attacker minted tokens out of thin air and, in just 7 minutes and 21 seconds, bridged about $2.7 million in AUSD, ETH, and USDC to Ethereum, swapped them for 1,135.5 ETH, and made off with the funds. The good news is that the native $INIT token was not inflated. After the news broke, INIT first fell 14%, then recovered. But as long as the chain stays offline, assets on it remain inaccessible—which is why you should never treat money in a cross-chain bridge as your own. #Initia #SecurityIncident

The more you dig into the Initia incident, the crazier it gets: the hacker minted the tokens in just 7 minutes, but the chain wasn’t halted until 42 minutes later—and by then, the funds had already been bridged out.

As of today, October 24, the chain still hasn’t restarted, there’s still no official postmortem, and assets on the bridge remain stuck. The team has only said one thing: the vulnerability wasn’t in native INIT itself; the tokens minted were cross-chain AUSD, ETH, and USDC.

Yesterday’s exploit alone amounted to $2.7 million. Upbit, Bithumb, and Coinone immediately suspended INIT deposits and withdrawals.

Bottom line: halting the chain protects the money that’s left, not the money that’s already gone. Don’t leave much money on bridges for young blockchains.
#Initia #Hacker

【Market Flash】New developments in the Initia incident: USDC bridge reserves were drained to just $63.
Bitquery’s postmortem: On October 23, an attacker exploited a MoveVM vulnerability to mint tokens and cash out. Reserves fell from around $1 million to $63; 55 withdrawal attempts failed, around $3 million was actually paid out, and the unauthorized face value was approximately $7.48 million.
There were tokens on the books, but only $63 backing them. Would you still trust your money to a cross-chain bridge?
$INIT $USDC $ETH
#Initia #黑客 #跨链
(Source: CryptoSlate)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.

Initia’s entire network has been down for a third day: MoveVM cache vulnerability exploited, approximately $2.7 million bridged out

📌 Initia’s official X post on 10/24: Attackers exploited a MoveVM script cache vulnerability to bypass security checks and forge on-chain state, crediting unbacked WETH, iUSD, and USDC out of thin air; native INIT was not minted, and its total supply remains unchanged
📌 Outflows (official figures/D2 Finance via Unchained): Approximately 105 WETH + 1.4 million AUSD0 moved via LayerZero, and approximately 1.08 million USDC via Noble/CCTP; they were converted into 1135.52 ETH, now sitting at an Ethereum address. It took only about 7 minutes from minting to arrival on Ethereum
📌 The L1 and all Rollups have been halted since 10/23 15:41 UTC. Officials say patching and auditing will take several days; there is no restart date or full postmortem yet. Upbit and Bithumb have suspended INIT deposits and withdrawals
📌 Price: INIT fell about 14% when the news first broke, then rebounded. CoinGecko shows a 24-hour range of approximately $0.114–$0.156 (CryptoNinjas)

【Commentary】
This wasn’t INIT itself being inflated; it was “the other side of the bridge being unable to verify whether the burned tokens are genuinely backed”—D2’s exact wording was that the OFT adapter could not validate them. The cross-chain token-locking contracts were the real weak point: approximately 71% of the AUSD adapter and 96% of the ETH adapter were drained. The price rebound suggests the market is betting the losses are manageable, but with the network halted, all ecosystem assets are frozen, and liquidity risk is being underestimated.

【Opportunities/Risks】
1️⃣ Watch for the restart announcement and postmortem: If the patch audit goes smoothly, a “sell-the-news is over” rally may follow; if the restart is delayed again or more affected assets are found, the rebound could easily fade
2️⃣ Keep an eye on the address holding those 1135 ETH: If the funds enter a mixer, the chances of recovery drop sharply; a freeze or negotiated return would be positive
3️⃣ While the network is halted, INIT can only be traded on exchanges, and Korean exchanges have suspended deposits and withdrawals. Spreads and volatility may widen, so avoid high leverage
4️⃣ Broader implications: Similar Move/Cosmos chains and cross-chain assets using LayerZero locking adapters may face renewed scrutiny over their security premium

Do you think the network will be back up within “a few days”? After it restarts, would you withdraw your assets first or keep holding? Share your thoughts in the comments.

#Initia #跨链安全 #加密安全 #DeFi
$INIT $ETH

For informational purposes only; not investment advice

🔥 Strong surge in coin $INIT , up +21.52%!

The coin has entered this morning’s top gainers list with notable upward momentum. Here are your key levels on the 15-minute timeframe:

• Current price: $0.16260
• Nearby resistance: $0.16800 (a breakout could open the door to new record levels)
• First support (MA7): $0.16111
• Strong support (MA25): $0.15832

Trading volume is steady at 4.62 million USDT, and liquidity is excellent. Watch the price action at resistance levels closely!
What’s your next move with coin $INIT after this surge?
🟢 Enter now (ride the breakout and soar)
🔴 Wait for a correction and buy at the MA7 support line
👀 Just watch to avoid weekend volatility


#Initia #CryptoTrading #BinanceSquare

Initia: what the team confirmed after the October 23 incident

In its October 24 update (08:46 UTC), Initia attributed the attack to a bug in its MoveVM script cache. According to the team, the attacker credited themselves with unbacked balances of WETH (wrapped ETH), iUSD, and USDC.

The reported estimate was around USD 2.7 million transferred via bridges before the pause. This is the estimated amount transferred, not a final audited loss figure. Initia said that no additional native INIT was issued.

In that statement, the mainnet and its rollups were still paused. The patch, audit, and full technical report were pending. The current operational status could not be verified here.

Context: the fact that no additional INIT was issued does not eliminate the risk to other assets or to the availability of funds. It is also wise to be wary of purported recovery forms and unofficial links.

Market snapshot: as of 25/10, 02:58 UTC, Binance spot showed INIT at 0.15941 USDT, up 15.657% over 24 hours. That rebound does not certify that the issue has been fixed: price and operational security are separate matters.

Sources: Initia (24/10) and Binance public data (25/10).

$INIT $ETH $USDC

Educational content. Not financial advice.

#Initia #SeguridadBlockchain #DeFi #Crypto

The Initia network is currently paused.

A serious issue was detected in its layer 1 and its rollups.

It turns out someone found a way to mint tokens without permission.

The result was a drain of more than $2.6 million to Ethereum.

The network was halted to stop unauthorized transfers.

It's a quick reminder of how fragile new code can be.

What do you think about these kinds of failures in such young networks?

$BTC #Initia #Security

🚨 Another chain has been breached: Initia urgently halted the chain overnight after stablecoins minted out of thin air were swapped for $2.6 million!

📌 What happened (Source: Cointelegraph)
• Friday at 15:41 UTC, Initia announced a pause to its L1 and Rollup
• Security researcher Spreek was first to discover that the attacker had minted tokens without authorization
• D2 Finance said a vulnerability in a Move function allowed 2 million AUSD to be minted out of thin air without sufficient collateral
• Bridged to Ethereum: around 1.4 million AUSD + 105 ETH + 1.08 million USDC
• Funds were consolidated in one wallet, totaling around 1,135.5 $ETH (about $2.73 million)

🧐 My take
1️⃣ The vulnerability was at the contract level, not a leaked private key—“uncollateralized minting” is one of the most dangerous types
2️⃣ Halting the chain can stop the bleeding, but funds that have already been bridged to Ethereum are hard to recover
3️⃣ INIT briefly fell to 0.115, then rebounded to around 0.15 (CoinGecko), suggesting the market cares more about the chain being halted to limit losses
4️⃣ With the Bitget hack and Initia incidents happening one after another this week, security events weigh even more on sentiment in a weak market ($BTC is still fluctuating around 80,000)

⚠️ Stay safe: Don’t put too much into cross-chain bridges for small-cap coins or assets on new chains; revoke permissions when you’re done using them.

What do you think about vulnerabilities in new chains like this—should we wait for the official post-mortem before getting involved, or buy the dip if an opportunity appears? Let’s discuss in the comments 👇

#链上安全 #Initia #CryptoMarket
Personal opinion only; not investment advice

🚨 Imagine an entire bank shutting its doors because someone discovered a vulnerability in its system!

That’s almost what happened with the Initia network!

💥 The network was hacked in an attack targeting the MoveVM smart contract execution environment, with reports of losses estimated at around $2.7 million.

But the surprise isn’t just the amount stolen...

The network was forced to halt operations!

And that raises an important question:

If blockchains are designed to operate continuously, how can an entire network be stopped?

The answer is that some networks have emergency mechanisms that allow validators to coordinate and halt block production when a serious threat is detected.

🛡️ This presents us with an intriguing dilemma:

Is it better for the network to keep running no matter what, or to pause temporarily to prevent greater losses?

Decentralization isn’t just about distributing power. It also means considering who has the authority to stop the network, when they can do so, and under what circumstances.

🎯 In your opinion, does halting a blockchain after a hack demonstrate the strength of its security system, or is it a weakness in decentralization?

#Initia #INIT #CryptoSecurity #Blockchain