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Saturday, October 24, 2026Updated 05:09 UTC

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Hacker Prints $2.7M in Crypto as Initia Blockchain Grinds to a Halt

Source: Bitcoin News · Oct 24, 2026 02:30 UTC

Pile of physical souvenir Bitcoin coins — File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Modular blockchain platform Initia halted its network Friday after the team confirmed “a security incident” that compromised its operations. According to Initia co-founder Ezaan Mangalji, the attacker exploited the breach to mint an estimated $2.7 million worth of tokens. Initia Network Halted as Co-Founder Reveals an Estimated $2.7 Million Exploit “As of Oct 23, 2026, […]

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