Hacker Prints $2.7M in Crypto as Initia Blockchain Grinds to a Halt

Initia halted its network Friday after a security incident, with co-founder Ezaan Mangalji confirming an attacker minted an estimated $2.7 million in tokens. The exploit occurred as of Oct 23, 2026, and the modular blockchain platform remains offline as the team investigates the breach and works to restore operations.