DeTracker Security Feed

$972.8M lost this week $2.3B lost in 30 days $96.2B lost this year

Initia - Rekt

An exploit in Initia's MoveVM allowed an attacker to spoof token balances and withdraw approximately $2.73 million in AUSD, ETH, and USDC through bridges like LayerZero and CCTP before the protocol halted its L1 and rollups. The Initia Foundation has committed funding to restore backing.

Source: Rekt News (opens in a new tab)

#AUSD #Credit #D2Finance #IUSD #Initia #USDC