Initia confirms second exploit in 3 weeks, $3.27M stolen in latest attack
Summary
Initia confirmed its second security exploit in less than three weeks, with an attacker stealing about $3.27 million after compromising its cloud infrastructure using a stolen Google Cloud key. The breach exposed credentials and enabled fraudulent IBC withdrawals from five rollups. Initia halted its layer-1 network; about $2.16 million remains frozen, and the company is working to restore affected assets with law enforcement and security partners. The attacker withdrew TIA and stablecoins, but no INIT tokens. The incident follows an Oct. 23 exploit that drained about $2.7 million through a MoveVM vulnerability.
