[Initia L1 Suspends Block Production Due to Unauthorized Transfers, Approximately 605,000 USDC Flows Out] Foresight News reports that Initia tweeted that its L1 network suspended block production at 14:18 Beijing time on November 10th, after coordination with validators, as a protective measure. The team took this action after discovering unauthorized transfers in Initia L1 escrow accounts holding cross-chain assets to multiple Rollup assets. Preliminary investigations indicate that attackers used leaked Rollup infrastructure keys to forge IBC transfers. Approximately 605,000 USDC flowed out of Initia via Noble, along with approximately $10,000 worth of other tokens. Most of the remaining assets in the escrow accounts remain on the suspended L1. The team is working with the security team, validators, and exchanges to determine the full scope of the impact.