CryptoMedium•11 November 2026•
1 min read
Initia Network Hit by Second Exploit in Three Weeks with $3.27M Stolen
Key Facts
1Initia confirmed a second exploit within three weeks, resulting in the theft of $3.27 million in crypto assets.
2The attacker exploited compromised cloud credentials to move assets, with approximately $2.16 million remaining frozen on the halted network.
Initia confirmed a second exploit within three weeks, resulting in the theft of $3.27 million in crypto assets. Cointelegraph reported that the attacker exploited compromised cloud credentials to move the assets, rather than utilizing a direct smart contract vulnerability.
The incident led to approximately $2.16 million being frozen on the network, which remains halted. This breach marks a significant escalation from a previous $615,000 exploit, placing the protocol's security infrastructure under increased scrutiny.