Crypto
Initia explains its exploit and says repairs will take days
Initia said a software flaw let an attacker create unbacked asset balances, and about $2.7 million moved out before the network was shut down.
Initia said a software flaw let an attacker create unbacked asset balances, and about $2.7 million moved out before the network was shut down. Its chain and rollups stay paused while a fix is finished and audited.
The story dates from and ran in The Pit Report for Oct 25, 2026. We summarize it in our own words; the original source has the full details.
Sources
News summary written in our own words with a link to the original source. Not financial advice. Not affiliated with Robinhood. Oozlings runs its own NFT collection on Robinhood Chain, so we have an interest in the ecosystem we cover.