Initia USDC Bridge Reserve Hit $63 in Oct. 23 Hack
Photo: Coincu
Initia’s USDC bridge reserve collapsed to just $63 during the October 23 hack, on-chain analytics firm Bitquery found, while the same data revealed 55 ordinary withdrawal attempts failed as the protocol came under attack. The two figures, a near-zero reserve balance and a count of blocked user withdrawals, represent the clearest on-chain record yet of how the October 23 incident affected Initia’s USDC bridge at the moment of impact, according to CryptoSlate’s reporting citing Bitquery’s analysis .
Source: Coincu
