Foresight News|Oct 23, 2026 15:40
Initia Chain Suspected of Infinite Coinage Attack, Attackers have cashed out approximately $2.6 million
According to Foresight News, as monitored by security researcher Spreekaway, the Initia chain has been attacked, with multiple tokens being infinitely minted. The attacker has cashed out approximately $2.6 million, with more funds still being transferred. \The attacker's Ethereum address (starting with 0xDD9) currently holds about 1102 ETH worth approximately $2.65 million, with initial funds from Tornado Cash. In addition, the attacker still holds approximately $4.54 million in assets at the address on the Initia chain, including 3 million iUSD, 920000 USDC, 400000 AUSD, and 95 ETH. Currently, there has been no official response from Initia.
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