Initia confirms second exploit in three weeks, $3.27M stolen

Two confirmed exploits inside three weeks shifts this from an isolated incident to a pattern question, and the vector here — compromised cloud credentials rather than a smart-contract flaw — points at operational security around infrastructure, an area where a project's on-chain code offers no protection. The partial freeze on a halted network limits the loss but also signals that containment required stopping the chain, a tradeoff with its own costs for users and applications. The open question is whether the repeated targeting reflects a broader exposure that the first response did not close.