Initia hack drove its USDC bridge reserve down: Security incident

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

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

• https://cryptoslate.com/initia-hack-drove-its-usdc-bridge-reserve-down-to-63-as-withdrawals-failed/

Record history

First seen: 2026-10-25T19:45:11.000Z. Last updated: 2026-10-25T22:29:11.221Z. Revision: 1.