Threat Pulse 62High
Initia halts chain after $2.6M infinite mint exploit
Severity 5MitigatedreportedCrypto

An attacker used an infinite mint flaw to create fake tokens and bridge out roughly $2.6 million forcing the L1 and rollups to halt.

What to do: Network remains halted pending full investigation and patch before restart. Initia root cause: MoveVM script-caching bug let malicious code skip checks at 14:59 UTC Oct 23.

· 12 days ago · Initia chain and bridge users · cryptotimes.io
Sourcescryptotimes.io
On X
@solidintel_xverifiedOct 23, 15:43 UTC

INTEL: Initia chain reportedly hacked in an infinite mint exploit, allowing attackers to create unlimited tokens, with $2.6 million allegedly cashed out so far https://t.co/9SEhMNLyM9

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@initiaverifiedOct 23, 16:00 UTC

As of Oct 23, 2026, 3:41:30 PM UTC, the Initia L1 and Rollups have been halted due to a security incident. Our team is actively investigating the situation and working to establish the full scope of any impact with secu

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@initiaverifiedOct 24, 08:46 UTC

At 14:59 UTC on October 23rd, an attacker exploited a bug in Initia MoveVM’s script caching that allowed malicious code to bypass security checks. The attacker artificially spoofed the MoveVM state, thereby crediting themselves with unbacked WETH, iUSD, and USDC tokens without ch

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Why this score

Re-scored from the verified-lane dataset (Grok severity capped by the rubric)

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Updated Nov 5, 01:42 UTC. Refreshes on its own.

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