Foresight News reported on November 10, 2026, at 15:23 Beijing time, that Initia had posted about a halt on its L1. According to that report, the L1 stopped producing blocks at 14:18 Beijing time the same day, after coordinating with validators. Initia described the halt as a protective measure.
The team said it acted after unauthorized transfers from an Initia L1 custody account that held assets cross-chained to multiple rollups. A preliminary investigation indicated that an attacker used a compromised rollup infrastructure key to forge IBC transfers. That is the trust boundary named in the preliminary account: the investigation said the leaked key was what the attacker used to forge those transfers out of the custody account.
On the path described, about 605,000 USDC left Initia via Noble, along with about $10,000 in other tokens. Most of the remaining assets in the custody account were still on the paused L1. Initia said it was working with security teams, validators, and exchanges to determine the full scope of the impact.
Original report: Foresight News, November 10, 2026
