Security & Exploits stories

Oct 23, 2026

Initia halts network after security incident, attacker reportedly mints tokens

Initia halted its Layer 1 blockchain and rollups after a security incident in which an attacker reportedly minted tokens and cashed out approximately $2.6 million.

Oct 23, 20263 sources

Top claims

▪Initia operates an interwoven rollup network built on the Cosmos SDK that supports both MoveVM and Ethereum Virtual Machine execution environments
▪Initia raised approximately $24 million in funding from venture capital investors including Binance Labs and Delphi Digital prior to an October 23, 2026 exploit
▪Initia co-founder Ezaan Mangalji stated preliminary findings from Initia's investigation point to a previously unknown Day 0 bug in the network's MoveVM implementation on Cosmos SDK that enabled unauthorized token minting, which did not apply to native INIT tokens

Subtopics

Blockchain security & risks1 Crypto hacks1 Crypto security1 Cryptocurrencies1 DeFi exploits1 Layer 1s1

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