Initia Has No Restart Date After Attacker Mints Tokens and Bridges Out $2.7 Million

Anyone holding assets on Initia is waiting on a restart. Initia’s layer 1 and its rollups have been offline since 11:41 a.m. ET on Friday, when the team cited a “security incident,” and it had not said when they would come back as of 5:52 p.m. ET. Initia said in the same notice that it was working “to establish the full scope of any impact with security teams, validators, and exchanges.” Co-founder Zon pointed to Initia’s own software, citing preliminary findings.