Hacking News
Hacker Exploits Initia Blockchain, Mints $2.7M in Tokens
Modular blockchain platform Initia halted its network due to a security incident confirmed by co-founder Ezaan Mangalji. The attacker exploited the breach to mint an estimated $2.7 million worth of tokens, including AUSD, ETH, and USDC. The project’s co-founder added that the attacker was able to mint and bridge out approximately $2.7 million worth of AUSD, ETH, and USDC before the chain was paused. As of press time, the Initia chain is still halted at block height 23365925.