Hacker Mints $2.7M in Crypto as Initia Blockchain Grinds to a Halt
Key Highlights The Initia Layer 1 blockchain halted operations at block height 23365925 after an exploit drained roughly $2.7 million in assets. Agora confirmed that the AUSD stablecoin and its underlying smart contracts were not compromised, as AUSD is not deployed on Initia. South Korean exchange Upbit suspended INIT deposits and withdrawals, while the INIT ...
