initia L1 Suspension of block generation; approximately 605,000 USDC coins stolen
2026-11-10 15:25:33
According to CoinMeta, the initia L1 network suspended block generation at 14:18 on November 10. The team discovered unauthorized transfers from the custodial account and immediately took protective measures. Preliminary investigations indicate that attackers used leaked rollup infrastructure keys to forge ibc transfers, resulting in the loss of approximately 605,000 USDC through noble, with an additional about $10,000 in other tokens also stolen. Most of the remaining assets in the custodial account are still on the suspended L1. The team is working with security teams, validators, and exchanges to determine the full extent of the impact.
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Source:Internet
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