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.
Key Takeaways
- The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Netanyahu Orders Blockchain Plan to Help Israel Evade Potential Sanctions
Israeli Prime Minister Benjamin Netanyahu has directed officials to prepare a plan involving blockchain technology and cryptocurrencies to help the country circumvent potential international economic sanctions, including restrictions on its banking system.…
CMCC Global Plans Tokenized Bitcoin Funds With Tether And Bitfinex Securities
CMCC Global is bringing two existing fund strategies into tokenized securities issued through Tether’s Hadron infrastructure and Bitfinex Securities under El Salvador’s rules.
SEC Flags AI 'Super Intelligence' and Tokenization as Systemic Market Risks
The regulator's Division of Examinations named "super intelligence and other advanced technologies" as a focus area alongside tokenization risks.