According to Spreek monitoring, the Initia chain has been attacked, resulting in "infinite minting" of multiple tokens. The attacker has already cashed out approximately $2.6 million, with additional funds still in transit. The attacker’s Ethereum address (starting with 0xDD9) currently holds about 1,102 ETH, valued at approximately $2.65 million; the initial funds for this address originated from Tornado Cash. Additionally, the attacker’s address on the Initia chain still holds assets worth approximately $4.54 million, including 3 million iUSD, 920,000 USDC, 400,000 AUSD, and 95 ETH. As of now, Initia’s official team has not responded.
Initia Chain suspected of being hacked; attacker withdraws $2.6M
TechFlowShare
Summary
On-chain reports indicate that the Initia chain is suspected of being hacked, with attackers exploiting a vulnerability to enable infinite token minting. The attacker has already withdrawn approximately $2.6 million, with Ethereum news tracking an Ethereum address (0xDD9) holding 1,102 ETH, valued at $2.65 million. Funds were traced back to Tornado Cash. The attacker’s Initia address still holds $4.54 million in assets, including 3 million iUSD, 920,000 USDC, 400,000 AUSD, and 95 ETH. The Initia team has not yet responded.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.