Initia hack drove its USDC bridge reserve down to $63 as withdrawals failed
Bitquery linked failed exits to depleted backing for Initia balances as the project outlined a patch and ongoing recovery work. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitquery linked failed exits to depleted backing for Initia balances as the project outlined a patch and ongoing recovery work.
- Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
- Get The Catalyst in your inbox
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
AI agents help rescue ETH’s Glamsterdam fork, ‘Steal My Bitcoin’ site: Hodler’s Digest
Similar to the Hugging Face hack, Ethereum researchers have set up an AI Agent message board to help rescue the Glamsterdam fork. New site says ‘Steal My Bitcoin’... if you can.
Hackers Breach GMO Trading Cloud, Putting 26,739 Servers at Risk
Hackers infiltrated a Japanese cloud trading service, exposing as many as 26,739 servers to potential compromise and allegedly hijacking brokerage accounts to execute unauthorized trades. The attackers then demanded money, threatening further financial damage…
CoinDCX confirms $16 million loss from retired wallets days after CEO called breach reports a ‘false alarm’
CEO Sumit Gupta had told X users on Wednesday that early reports of a breach sounded like "a false alarm."