Hacking News
Initia Halts Blockchain After $615K Leaves Escrow
Initia, a blockchain project, has halted its layer 1 blockchain after detecting unauthorized transfers totaling approximately $615,000 from escrow accounts linked to compromised rollup infrastructure keys. This incident follows a previous exploit where an attacker stole about $2.7 million by exploiting a vulnerability in Initia's MoveVM script caching system. Despite the halt, Initia's native INIT token has seen a significant price increase, rising nearly 60% in 24 hours and over 71% in the past week, although it remains 84% below its all-time high.