Hacker Prints $2.7M in Crypto as Initia Blockchain Grinds to a Halt
Modular blockchain platform Initia halted its network Friday after the team confirmed “a security incident” that compromised its operations. According to Initia co-founder Ezaan Mangalji, the attacker exploited the breach to mint an estimated $2.7 million worth of tokens. Initia Network Halted as Co-Founder Reveals an Estimated $2.7 Million Exploit “As of Oct 23, 2026, […]
Key Takeaways
- Modular blockchain platform Initia halted its network Friday after the team confirmed “a security incident” that compromised its operations.
- According to Initia co-founder Ezaan Mangalji, the attacker exploited the breach to mint an estimated $2.7 million worth of tokens.
- Initia Network Halted as Co-Founder Reveals an Estimated $2.7 Million Exploit “As of Oct 23, 2026, […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
UAE-Led Coalition Exposes $39 Billion in Crypto Fraud, 960 Arrested
Carried out for three months, the operation resulted in the arrest of nearly 100 defendants and the raid of 29 fraud centers. 30 countries and 13 private sector partners, including Huawei, Mastercard, and Meta, were involved in the joint actions that managed…
3 Asian Central Banks Unite to Connect Stablecoins Across Borders
Three Asian central banks are developing common approaches to moving regulated stablecoins and digital bank deposits across borders. The BLOOM initiative aims to reduce the cost and complexity of connecting financial institutions in different markets. Central…
‘CLARITY Is About as Good as You Can Get’—Byron Donalds Talks Bitcoin, Prediction Markets and Florida
Byron Donalds wants governments to hold bitcoin, opposes a Federal Reserve-issued digital currency, and doubts federal agencies can keep pace with the markets they oversee. In an Oct. 17, 2026, interview with Bitcoin.com News, the Florida congressman and…