Initia halts L1 after $615K escrow exploit, token jumps 60%
Initia paused its layer‑1 blockchain on Nov 10 after unauthorized transfers of roughly $615,000 from escrow accounts, while its INIT token surged over 60% in 24 hours.
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Initia paused its layer‑1 blockchain on Nov 10 after unauthorized transfers of roughly $615,000 from escrow accounts, while its INIT token surged over 60% in 24 hours.
Cybersecurity firm CertiK recommends that exchanges impose strict dollar limits on hot wallets rather than relying solely on cold‑storage ratios, citing recent hacks and regulatory benchmarks.
Binance CEO Changpeng Zhao and security firm CertiK urge iPhone owners to install the latest iOS updates as the DarkSword exploit can steal wallet data without any user interaction.