Hacker mints tokens on Initia Chain, cashes out about $2.6 million

An infinite-mint exploit on the modular layer one let an attacker create tokens at will, with more funds reportedly still on the move Somebody found the money printer on Initia Chain. Then they used it. On October 23, 2026, an unauthorized actor carried out what blockchain security researcher Spreek described as an “infinimint” exploit on Initia, the modular layer one blockchain built around interwoven rollups. By the time the first reports surfaced, the attacker had reportedly converted around $2.6 million worth of freshly minted assets, and more was expected to move. An infinimint exploit is what it sounds like.