Initia L1 and Rollups Return to Normal as Transfers Face Limits

Initia’s layer-1 network and rollups are back online, while withdrawal controls remain for several assets and cross-chain bridges and trading platforms were expected to resume transfers later Monday. Withdrawals of WETH and AUSD0 are set for 24-hour processing. Noble USDC withdrawals are subject to hourly limits. The backing of AUSD0, USDC.n and WETH has been fully restored. Initia’s L1 and rollups had been halted after reports of a mint exploit , with about $2.6 million estimated to have been cashed out. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost