Initia Co-founder says MoveVM a Day 0 vulnerability may exist; approximately 2700000 USD in assets was transferred out
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AT A GLANCE
Zon said Initia the security incident may have originated from MoveVM a vulnerability; approximately 2700000 USD in assets was transferred out, and INIT is reportedly unaffected.
Article
Initia Co-founder: The exploit involved MoveVM, while the native token INIT was not affected
According to BlockBeats, co-founder Zon stated that, based on the information currently available, the security incident may have originated from October 24，Initia a vulnerability in Day Initia based on Cosmos SDK in MoveVM 0 that allowed attackers to mint additional tokens on Initia L1, without affecting the native token INIT.
Zon added that, before the blockchain was paused, the attackers had transferred out approximately 2700000 USD worth of AUSD、ETH and USDC. The team is still investigating the incident; its subsequent impact and further details remain to be confirmed.
Original link https://m.theblockbeats.info/flash/373459
Key points
01
BlockBeats reported that October 24，Initia co-founder Zon issued a statement on the security incident.
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Zon stated that, based on the information currently available, the incident may have originated from Initia based on Cosmos SDK's MoveVM Day 0 vulnerability.
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Zon said that the vulnerability allowed attackers to mint additional tokens on Initia L1, without affecting the native token INIT。
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Zon said that, before the blockchain was paused, the attackers had transferred out approximately 2700000 USD worth of AUSD、ETH and USDC。
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The team is still investigating the incident; its subsequent impact and further details remain to be confirmed.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a security incident report that remains under investigation. According to Zon’s preliminary statement, the attackers may have exploited an unknown vulnerability in MoveVM to generate additional tokens on Initia L1 and transfer AUSD、ETH and USDC across chains; he also stated that the native token INIT was not affected.
Why it matters to readers
The incident involved additional minting and cross-chain transfers, indicating that the relevant on-chain assets may face security risks. The cause of the vulnerability, the actual scale of additional issuance, and the ultimate impact have not yet been confirmed.
Beginners should understand “INIT unaffected” as Zon’s current statement, rather than a final conclusion of the investigation; until more details are disclosed, the relevant assets and on-chain operations should be treated with caution.
Risks and unknowns
Whether the vulnerability was indeed located in MoveVM and its specific cause have not yet been confirmed.
The quantity of additionally minted tokens and the full scope of affected assets have not been disclosed.
Approximately 2700000 USD in assets can be recovered or frozen remains unclear.
INIT Whether it was completely unaffected remains subject to confirmation by further investigation.
The incident’s subsequent impact and the blockchain’s recovery status have not been disclosed.
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MoveVM
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