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<p>$2.7M printed out of thin air in one go.

That's what a hacker did on Initia tonight, then moved it out before the team could react.

Initia switched off its entire network tonight after a bug let an attacker create ~$2.7M in tokens out of thin air and move it out before anyone could stop it.

Imagine a bank bug that lets you type in your own balance, then withdraw it. That's an "infinite mint."

The co-founder reportedly says it was an unknown flaw in the chain's core software.

Full details aren't confirmed yet.</p>

$2.7M printed out of thin air in one go.
That's what a hacker did on Initia tonight, then moved it out before the team could react.
Initia switched off its entire network tonight after a bug let an attacker create ~$2.7M in tokens out of thin air and move it out before anyone could stop it.
Imagine a bank bug that lets you type in your own balance, then withdraw it. That's an "infinite mint."
The co-founder reportedly says it was an unknown flaw in the chain's core software.
Full details aren't 

$2.7M printed out of thin air in one go. That's what a hacker did on Initia tonight, then moved it out before the team could react. Initia switched off its entire network tonight after a bug let an attacker create ~$2.7M in tokens out of thin air and move it out before anyone could stop it. Imagine a bank bug that lets you type in your own balance, then withdraw it. That's an "infinite mint." The co-founder reportedly says it was an unknown flaw in the chain's core software. Full details aren't confirmed yet.

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