Initia halts network after security incident as attacker reportedly mints tokens
Onchain data shows a $2.7 million ether transfer as Initia investigates the scope of a security incident.
Key Takeaways
- Onchain data shows a $2.7 million ether transfer as Initia investigates the scope of a security incident.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Initia halts blockchain after exploit reportedly drains over $2.6M
The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.
Netanyahu seeking blockchain plan to prepare for possible sanctions
Netanyahu says blockchain could help Israel prepare for possible sanctions targeting its banking system.
HSBC Launches First Stablecoin, Bringing Hong Kong Dollar Payments to 3.3M Users
HSBC has launched its first stablecoin, a Hong Kong dollar-backed digital currency designed for everyday payments, marking a significant step toward mainstream adoption of blockchain-based financial services in the city. HSBC Launches Hong Kong Stablecoin The…