Current outcome
Initia's L1 mainnet and all Rollups remain paused; the official disclosure confirms a MoveVM script-caching vulnerability was used to forge state and move about $2.7M, with related token total supply unaffected; a fix is expected within days and will be audited, asset recovery is ongoing, and a full postmortem has not yet been published.
Progress timeline
5 material updates- #01
【Initia 链疑遭无限铸币攻击,攻击者已套现约 260 万美元】
Security researcher spreekaway flagged that Initia appears to have suffered an unlimited-mint exploit in which multiple tokens were arbitrarily minted, with the attacker cashing out about $2.6M in ETH while still holding roughly $4.54M in iUSD, USDC, AUSD and ETH on Initia.
Source evidence: foresightnews · theblockbeats
- #02
Initia因安全事件暂停L1主网及Rollup运行
Initia halted its L1 mainnet and all Rollups due to the security incident and is coordinating with security teams, validators, and exchanges to assess the impact.
State after update: Initia has paused its L1 mainnet and all Rollups following the security incident while the team investigates the impact and warns users about unofficial information.
Source evidence: theblockbeats · foresightnews
- #03
Initia联创:漏洞攻击涉及MoveVM,原生代币INIT未受影响
Initia co-founder Zon said the incident likely stemmed from a Day 0 vulnerability in its Cosmos SDK-based MoveVM that allowed extra token minting on Initia L1, while the native INIT token was unaffected; roughly $2.7M in AUSD, ETH and USDC was bridged out before the chain was paused.
State after update: Initia's L1 mainnet and all Rollups remain paused; the co-founder said the exploit likely stemmed from a MoveVM Day 0 vulnerability, the native INIT token was unaffected, and the team is still investigating the impact and further details.
Source evidence: theblockbeats
- #04
Initia halts blockchain after exploit reportedly drains over $2.6M
D2 Finance reported that the attacker exploited a Move function vulnerability to mint 2 million AUSD without backing and bridged approximately 1.4 million AUSD, 105 ETH and 1.08 million USDC to Ethereum, later consolidating about 1,135.5 ETH (~$2.73M); INIT briefly fell to around $0.115 before rebounding.
State after update: Initia's L1 mainnet and all Rollups remain paused; the team is coordinating with security researchers, validators and exchanges to assess impact, has not publicly confirmed the loss size or precise cause, and the restoration timeline is unclear; D2 Finance has disclosed details of the unbacked AUSD mint and cross-chain fund flows.
Source evidence: Cointelegraph
- #05
【Initia 披露攻击细节:MoveVM 缓存漏洞致约 270 万美元被转出】
Initia officially disclosed that the exploit was a MoveVM script-caching vulnerability that bypassed security checks and forged MoveVM state to credit unbacked WETH and USDC/iUSD-like assets without changing the related tokens' total supply; about $2.7M was moved out via LayerZero, Noble and CCTP and later consolidated into 1,135.52 ETH held at Ethereum address 0x358ef0130f7a5aa516dcd81bdc80b18cde41cac8; a security fix is expected within days and will be audited, asset recovery is ongoing, L1 and Rollups remain paused, and a full postmortem is pending.
State after update: Initia's L1 mainnet and all Rollups remain paused; the official disclosure confirms a MoveVM script-caching vulnerability was used to forge state and move about $2.7M, with related token total supply unaffected; a fix is expected within days and will be audited, asset recovery is ongoing, and a full postmortem has not yet been published.
Source evidence: foresightnews