TREE NEWS update: Initia has not set a restart date after an attacker minted tokens and bridged out $2.7 million, co-founder Zon said in a preliminary assessment pointing to a MoveVM flaw. D2 Finance traced the payouts to LayerZero adapters on Ethereum.
Initia Attacker Mints Tokens, Bridges Out $2.7M; No Restart Date Set
The detail that matters here is the attributed root cause: a MoveVM flaw rather than a key compromise or bridge misconfiguration, which shifts scrutiny onto the execution layer itself and, by extension, other chains running the same stack. The LayerZero adapter trail on Ethereum also shows the loss didn't stay contained to Initia, giving cross-chain messaging infrastructure a supporting role in the exit path. With no restart date set, the unresolved questions are whether the flaw is isolated to Initia's implementation and how quickly the team can publish a fuller post-mortem that other MoveVM-based projects can act on.
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