Security
Initia Exploit Leaves USDC Reserves at $63 With No Restart Date
COINOTAG·October 25, 2026·1 min read
USDC reserves behind Initia's bridge fell from about $1 million to $63 after an October 23 exploit. 55 withdrawals failed and the chain remains halted with no restart date, leaving users unable to access funds and raising concerns about the bridge's security and future.
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