A post by @CertiKAlert on X.
#CertiKAlert
@CertiKAlert on X
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
CertiK flagged roughly $636,000 in suspicious outflows from an Initia address across 16 successful IBC transfers to the Noble chain. The transfers were executed from Initia address init1nyn989pkt2tx3rfz4rhzwldlh67vy4t30ccyz9, with Initia issuing an official statement on the matter. The incident points to a potential compromise of a single Initia account rather than a chain-wide failure, though the funds have already moved cross-chain via IBC. Watch for Initia's official post-mortem and any Noble-side tracing or recovery efforts, plus whether other addresses linked to the same signer show similar drains.
Muhabbit's AI wrote this summary of @CertiKAlert's post in its own words. It can get details wrong, so read the post on X.
Named in this story
Initia, CertiK, Noble