Initia: chain and rollups halted after about $2.7M in bridged assets left for Ethereum
23 Oct 2026: Initia halted its L1 and every Initia rollup at 15:41 UTC after a security incident. 7M of AUSD, ETH, and USDC out to Ethereum. Native INIT was not minted. SlowMist lists the same $2,700,000.
Initia has not posted a post-mortem, a restart time, or a compensation plan. Research snapshot from Initia, the co-founder, and SlowMist.
369 take
Stay off bridges into or out of Initia until the project posts a restart plan on its own account. The minted supply was bridged AUSD, ETH, and USDC. Ignore claim and migration links.
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