Initia L1 and rollups · Breach

Initia halts L1 and rollups after reported mint exploit

Oct 22, 2026 · 1 min read

Initia halted its L1 and rollups on October 23, 2026, per 0xCERT, after an incident in which an attacker reportedly minted tokens exploiting a MoveVM bug, affecting bridged assets. Analyst Spreek estimated $2.6 million cashed out, with stablecoin swaps and a later 1,135.5 ETH transfer on Ethereum, The Defiant reports. No fix or restart timeline appears in the sources; follow Initia's official notices.

By HIFY Radar newsroom Updated 10/26/2026 01:11 PM Get this every day →← Back to the feed 3 sources

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In this article

What happened
Why it matters
What to do
For the technical team
Timeline
Sources

What happened

Initia halted its L1 and rollups on October 23, 2026 after a security incident. An attacker reportedly minted tokens exploiting a MoveVM bug, affecting bridged assets.

Why it matters

Analyst Spreek estimated $2.6 million was cashed out by the attacker, The Defiant reports. Bridged assets on Initia are affected, and the L1 and rollup halt stops operations on the network until restart.

What to do

Wait for Initia's official notices about the network restart. Review exposure to bridged assets on Initia and monitor the attacker's movements on Ethereum.

For the technical team

Affected: Initia L1 and rollups (MoveVM) · Initia L1 and rollups, with bridged assets involved (0xCERT). Versions not specified in the sources.
Exploitation: Exploitation reported by The Block and The Defiant: the attacker reportedly minted tokens. No public PoC or KEV listing cited in the sources.
Fix: No fix or patch cited in the sources; 0xCERT lists no patched versions. Await Initia's official notice about the restart.
Vector: Mint bug in Initia's MoveVM that reportedly let an attacker create tokens; bridged assets affected. The sources do not detail exploitation preconditions.
More details: Incident start on October 23, 2026 (0xCERT). The Defiant cites Ethereum records showing stablecoin swaps and a later 1,135.5 ETH transfer; analyst Spreek estimated $2.6 million cashed out.