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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.
Next week, U.S.GDP、PCE, the Fed's decision, and earnings reports from major technology companies will be released in concentration;Keystone official website suffers unauthorized access; Initia disclosed that a MoveVM vulnerability led to 2700000 USD being stolen.
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。
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.