Wu Shuo learned that chain analyst Spreek (@ sproekaway) posted that the Layer 1 blockchain Initia has been attacked, and multiple tokens on the chain have experienced abnormal unlimited issuance. According to its preliminary tracking, the attacker has cashed out approximately $2.6 million, and some of the funds involved are still in the process of being transferred. The actual scale of losses may further expand. At present, the specific technical reasons for the attack, the scope of affected tokens, and the final amount of losses are not yet clear. The official of Initia has not yet disclosed the complete investigation results of the incident. https://www. (wublock123.com)/news/initia-token-exploit-mass-minting-attacker-cashed-out-2-6m-70616