Initia

Security/Oct 25, 2026 · 13:44 UTC/3 min read

Initia’s $2.7M Exploit: The Balance Wasn’t Real. The Ether Was.

A MoveVM cache bug let an attacker forge unbacked balances, move about $2.7 million through bridges and consolidate 1,135.52 ETH—without minting native $INIT.