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Initia stated that L1 and Rollups are back online and operating normally, while cross-chain bridges and trading platforms are expected to resume transfers later today.WETH、AUSD0 withdrawals will be delayed by 24 hours, while Noble USDC withdrawals will be subject to hourly limits.
PANews reported that Initia is scheduled to November 2, 2026 resume L1 and Rollups operations, and deploy the audited MoveVM patch and additional security measures. Support for the related assets will be restored, and DEX, cross-chain bridges, and exchange services will restart in phases.
Initia said the attacker exploited a MoveVM script caching vulnerability to bypass checks and forge status, transferring out approximately 2700000 USD in assets before the network was paused, later exchanging them for 1135.52 units ETH。
South Korean exchanges Upbit and Bithumb suspend deposits and withdrawals for Initia (INIT) and issue an investment warning. Initia previously suspended L1 and Rollup operations due to a security incident; claims of an attack and additional token issuance remain subject to further verification.
Initia Co-founder Zon said the security incident may have originated from MoveVM's Day 0 vulnerability; attackers transferred out approximately 2700000 USD AUSD、ETH and USDC. The team is still investigating, and INIT is reportedly unaffected.
PANews reported that Initia plans to migrate to Noble on USDC due to Circle discontinuing Injective, and automatically convert the relevant assets into USDC.inj。