Security
Initia Exploit Drains $2.7M After MoveVM Bug Allows Unauthorized Token Minting
Crypto Daily·October 28, 2026·1 min read
Initia halted its Layer 1 and rollups after a MoveVM vulnerability allowed an attacker to mint unbacked assets and bridge approximately $2.7 million out of the network. The exploit underscores risks in smart contract security and the need for robust audits in blockchain infrastructure.
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