Initia: Exploit

Analyst Spreek estimated $2.6 million had been cashed out; Ethereum records show stablecoin swaps and a later 1,135.5 ETH transfer.

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://thedefiant.io/news/hacks/initia-halts-l1-and-rollups-after-reported-mint-exploit

Record history

First seen: 2026-10-23T16:19:13.000Z. Last updated: 2026-10-23T16:58:40.415Z. Revision: 1.