Hacked twice in 3 weeks, the Initia blockchain loses more than 3 million dollars
Original headlinePiratée 2 fois en 3 semaines, la blockchain Initia perd plus de 3 millions de dollars
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Initia (INIT) halted its blockchain on November 10, 2026, after suffering its second exploit in under three weeks, with at least $615,000 stolen in the latest incident and cumulative losses now reaching $3.3 million. The total haul from the two attacks exceeds the value locked on the Binance Labs-backed chain, whose TVL had already been under pressure. The repeat breach raises fresh questions about the security posture of the network and its associated protocols, and the token’s price and depositor confidence are likely to be tested when the chain resumes. What to watch next: Initia’s post-mortem on the second exploit, any restitution or reimbursement plan for affected users, and whether TVL stabilizes or continues to bleed once the network is back online.
Muhabbit's AI wrote this summary in its own words from Cryptoast's report and translated it from French. It can get details wrong, so check the source.
Named in this story
Initia, INIT, Binance Labs