$972.8M lost this week $2.3B lost in 30 days $96.2B lost this year
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)
An attacker exploited an infinite-mint vulnerability on the Initia Chain, minting tokens at will and cashing out approximately $2.6 million. The exploit drained value from liquidity pools, and additional assets were reportedly still in transit. Initia had not issued an official response at the time of reporting.