---
title: "Initia hack drove its USDC bridge reserve down to $63 as withdrawals failed"
url: https://thecoingazette.com/initia-hack-drove-its-usdc-bridge-reserve-down-to-63-as-withdrawals-failed/
date: 2026-10-25
modified: 2026-10-25
lang: en
author: "Coin Gazette Editorial"
description: "Bitquery linked failed exits to depleted backing for Initia balances as the project outlined a patch and ongoing recovery work. Read the full story on CryptoSlate Understand the crypto stories..."
categories:
  - "Featured"
  - "Hacks"
image: https://ml4qjcb2qgrx.i.optimole.com/w:auto/h:auto/q:mauto/f:best/https://i0.wp.com/thecoingazette.com/wp-content/uploads/2026/05/logo-with-slogan-1.webp?fit=1400,960&ssl=1
word_count: 42
---

# Initia hack drove its USDC bridge reserve down to $63 as withdrawals failed

Bitquery linked failed exits to depleted backing for Initia balances as the project outlined a patch and ongoing recovery work.

[Read the full story on CryptoSlate](https://cryptoslate.com/initia-hack-drove-its-usdc-bridge-reserve-down-to-63-as-withdrawals-failed/)

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