Initia Cloud Breach Triggers Forged IBC Withdrawals Across Five Rollups

1 hour ago 3

Rommie Analytics

Key Takeaways:

After successfully breaching Initia’s cloud environment, an attacker made around $3.27 million.
However, around $2.16mn is stuck on paused Layer 1, and isn’t moving any further on Initia.
The attacker siphoned 5 amounts of IBC withdrawals from five rollups, and according to Initia, it will rebuild the funds of affected assets in full.

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