---
title: "Initia halts blockchain after exploit reportedly drains over $2.6M"
url: https://thecoingazette.com/initia-halts-blockchain-after-exploit-reportedly-drains-over-2-6m/
date: 2026-10-23
modified: 2026-10-23
lang: en
author: "Coin Gazette Editorial"
description: "The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum."
categories:
  - "Crypto News"
word_count: 22
---

# Initia halts blockchain after exploit reportedly drains over $2.6M

![Initia halts blockchain after exploit reportedly drains over $2.6M](https://s3-images.ctmedia.io/media/article-covers/2026/10/01M5MZKF3C8AJPVBYK5JQWCAWW/hi-got-crypto-losses-wallet.png)

The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.