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    Initia Pauses Network After $615,000 Security Breach as INIT Surges 60 Percent

    21 hours ago

    Initia has halted its Layer-1 blockchain after attackers allegedly exploited compromised rollup infrastructure keys to conduct unauthorised transfers worth approximately $615,000. The network stopped producing blocks on November 10 while validators and the development team investigated the incident. CertiK identified around $636,000 in unusual outflows across 16 transactions. The suspension marks Initia's second network halt in less than three weeks. Meanwhile, its native INIT token gained more than 60 percent over 24 hours, despite the security incident.
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