Initia is back after more than nine days offline over a $2.7M exploit

Initia is back online per an early Monday announcement confirming that its layer-1 blockchain and rollups are processing transactions once again , writing that “the Initia L1 and rollups are now online and operational.” The network restart ends an over-nine-day halt initiated by the project on October 23 after attackers exploited a flaw in its MoveVM, allowing them to withdraw about $2.7 million from the project. Initia to be restored in phases Initia did not turn on all its features at once, with cross-chain bridge and trading-platform transfers set to come back at some point on Monday, November 2. Withdrawals are also expected to be completed according to preset structures.

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