Initia halts network after security incident and reported token minting
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
Initia has halted its network following a security breach involving unauthorized token minting and a $2.7 million ether transfer, according to The Block.
Initia halted its network following a security incident where an attacker reportedly minted tokens, according to The Block. Onchain data indicates that a $2.7 million ether transfer was tied to the event. The team is currently investigating the full scope of the security issue.
Key facts
- Initia network halted
- $2.7M ether transfer
- Tokens minted by attacker
- Scope under investigation
Read the original at The Block