COINTELEGRAPH · 2026-11-11 05:55 UTC

Initia confirms second exploit in 3 weeks, $3.27M stolen in latest attack

Initia confirmed a second security exploit in under three weeks, with an attacker stealing about $3.27 million in crypto assets after compromising its cloud infrastructure. The attacker gained access on Monday via a command injection attack involving a compromised Google Cloud Platform key, then validated fraudulent IBC withdrawals from five rollups on the Anvil platform. About $2.16 million remains frozen on the halted network; the attacker sold assets on Initia's DEX and withdrew 13,400 TIA, 8,000 USDC.inj and 597,000 Noble USDC, with no INIT tokens withdrawn. The prior Oct. 23 exploit…

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