Initia Suspends Network Following Reported Token Minting Exploit

TL;DR: The modular protocol Initia halted block production on its Layer 1 network and rollups on October 23, 2026. An attacker exploited an infinite token minting vulnerability, withdrawing an initial estimated $2.6 million. Coordination with validators interrupted consensus to contain liquidity leakage to external bridges. This Friday, October 23, Initia suspended its Layer 1 mainnet and interconnected rollups after confirming a critical security incident that enabled the unauthorized issuance of assets. As of Oct 23, 2026, 3:41:30 PM UTC, the Initia L1 and Rollups have been halted due to a security incident. Our team is actively investigating the situation and working to establish the full scope of any impact with security teams, validators, and exchanges.

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