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Initia halts blockchain after $615K exploit as INIT price surges over 60%

By Olivia Stephanie

Initia halts its blockchain after a $615K exploit involving compromised rollup keys, while INIT rises 61% and investigators trace unauthorized transfers.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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