Initia Confirms Second Exploit With $3.27M Stolen
Initia reported its second crypto exploit in three weeks after an attacker compromised cloud credentials.
Initia has confirmed its second crypto exploit in three weeks, resulting in $3.27 million in stolen assets following a cloud infrastructure breach, according to Cointelegraph.
Security Breach and Frozen Funds
Instant Telegram notifications for large on-chain moves.
According to Cointelegraph, an attacker exploited compromised cloud credentials to transfer the digital assets. Following the attack, about $2.16 million in funds remained frozen on the halted network.
Key facts
- Initia confirmed its second exploit within a three-week period.
- An attacker used compromised cloud credentials to move $3.27 million in crypto assets.
- Approximately $2.16 million remains frozen on the halted network.
Source: cointelegraph.com
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