Initia's blockchain has been halted after a security exploit was reported, resulting in the unauthorized minting of tokens and the transfer of millions of dollars to Ethereum.
Source
"Initia Halted Blockchain After Exploit Drained $2.6M" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
According to reports, over $2.6 million in assets were drained from the blockchain, with security researchers identifying the issue and prompting the network's suspension.