Losses from the two incidents reached $3.3 million, exceeding the project’s remaining TVL
Initia halted its network on November 10 at 06:18 UTC after detecting unauthorized transfers from escrow accounts. According to Protos, an attacker withdrew at least $615,000 using compromised infrastructure keys.
This is Initia’s second incident in less than three weeks. An attack in October caused losses of $2.7 million, bringing the total damage to $3.3 million. Most of the assets from the latest attack remain on the network and may be recovered if validators coordinate.
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