Initia Halts Network After Attacker Mints Estimated $2.7M in Tokens

Modular blockchain platform Initia stopped its network on Friday after confirming a security breach affecting its operations, according to Bitcoin.com News.

Initia co-founder Ezaan Mangalji said the attacker used the breach to mint tokens with an estimated value of $2.7 million.

The available report did not identify the vulnerability or the tokens involved. It also provided no details on potential user losses or when the network would resume operating.