Security
Initia Halts L1 and Rollups After Reported Mint Exploit
The Defiant·October 23, 2026·1 min read
Initia has halted its L1 and rollups following a reported mint exploit. Analyst Spreek estimated $2.6 million was cashed out, with Ethereum records showing stablecoin swaps and a later transfer of 1,135.5 ETH. The incident highlights ongoing security challenges in the blockchain ecosystem.
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