Initia halts blockchain and rollups after reported $2.6M exploit
Initia has halted its layer-1 blockchain and rollups after security researcher Spreek reported unauthorized token minting and approximately $2.6 million cashed out by an attacker. Initia confirmed in its Oct. 23 statement that the suspension took effect at 3:41:30 p.m.…
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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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