Initia halts blockchain after suffering second security breach in weeks

CryptoVideos brief
Built from 2 sources 11 Nov 2026 · 06:14 UTC 1 min read Main editor: Earl Jacobson

The Initia layer-1 blockchain halted operations following a security breach involving unauthorized transfers from escrow accounts. An attacker compromised cloud infrastructure credentials and validated fraudulent withdrawals. This follows an earlier security incident involving unbacked token balances. Combined losses total more than three million dollars.

Key points

Initia suffered its second security exploit in less than three weeks.
The attacker compromised infrastructure keys and validated fraudulent IBC withdrawals.

What's unclear

The exact total financial loss differs between reports, citing either $3.3 million or $3.27 million.

One report states the attack involved a command injection attack via a compromised Google Cloud Platform key, while the other refers to compromised infrastructure keys.

Price context · INIT

At publication

$0.3169

Now

$0.3079

Change since

−2.85%

7 days · dashed line = publication

Sources · 2 publishers

Protos Tier 2 First report 10 Nov, 14:04 UTC

Binance Labs-backed Initia hacked again, $3.3M lost in three weeks

Cointelegraph Tier 1 05:52 UTC

Initia confirms second exploit in 3 weeks, $3.27M stolen in latest attack

Coverage timeline

Nov 10, 14:04First reported by Protos
Nov 11, 05:52Also reported by Cointelegraph
Nov 11, 06:14CryptoVideos brief published

How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error