Initia Says Stolen Funds Rose to $3.27M After Cloud Key Breach Led to Network Halt

TLDR Initia confirmed a second exploit in under three weeks, with about $3.27 million stolen. The attacker used a compromised Google Cloud Platform key to reach Initia’s GitHub and cloud accounts. About $2.16 million of the stolen assets remain frozen on the halted network. An October 23 exploit drained about $2.7 million through a MoveVM flaw. INIT rose more than 61% in 24 hours while the network was halted. Initia, a layer-1 blockchain network, confirmed on Wednesday that an attacker took about $3.27 million in crypto assets. It is the second security exploit the network has reported in less than three weeks. The team said the attacker got in through its cloud systems.

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