Hacker mints tokens on Initia Chain, cashes out about $2.6 million
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.
- Estimated loss
- $2,600,000
- Protocols
- Initia
- Chains
- Initia Chain
- Confidence
- High
- First seen
- 23 Oct 2026, 16:00 UTC