Initia Hit by $2.7M Exploit as Bithumb and Upbit Flag INIT as High-Risk
Photo: Crypto Economy
TL;DR: A $2.7 million exploit involving bridged assets triggered the halt of the Initia blockchain on October 23. Bithumb and Upbit designated INIT as a caution asset on October 26, suspending deposits and withdrawals under South Korea’s Virtual Asset User Protection Act. The asset traded near $0.1589 on October 26, accumulating an open interest in ... Read more
Also reported by Blockchain Reporter.
Source: Crypto Economy
