In Initia exploit, 1.4M AUSD stablecoin tokens went to an attacker

The Initia exploit affected a third-party product using Agora’s AUSD stablecoin on Ethereum , not new AUSD issuance on Initia, Agora said on October 23, 2026. Ethereum records show 1.4 million existing AUSD moved to an attacker’s address, while the issuer disputed claims that its tokens had been minted on Initia. Key takeaways Agora says its AUSD contract does not exist on Initia. The attacker exchanged 1.4 million AUSD for approximately 581.56 ETH. Initia stopped its base blockchain and rollups during the investigation. Agora disputes AUSD stablecoin minting in the Initia exploit Agora said the affected product was not operated by Agora . Its response challenged D2 Finance’s description of an Initia-side transaction as minting “2,000,000 AUSD out of nothing” before an Ethereum adapter payout.

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