Hacking News
Initia Halted Following $3.27 Million Cyber Exploit
Layer-1 blockchain Initia was halted on Tuesday following its second cyber exploit in under three weeks, which resulted in a $3.27 million loss. An attacker gained access through a compromised Google Cloud Platform key and command injection to obtain credentials from Initia's GitHub and cloud accounts. The hacker then accessed Anvil, validated fake IBC withdrawals across five rollups, and drained assets including 13,400 TIA, 8,000 USDC.inj, and 597,000 Noble USDC. Initia has paused its network while coordinating with law enforcement and security partners to restore backing for affected assets. This attack follows an October 23 exploit that drained $2.7 million due to a MoveVM script cache vulnerability.