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SecuritySource: Crypto Economy ·

Initia Hit by $2.7M Exploit as Bithumb and Upbit Flag INIT as High-Risk

A $2.7 million exploit involving bridged assets triggered the halt of the Initia blockchain on October 23. Bithumb and Upbit designated INIT as a caution asset on October 26, suspending deposits and withdrawals under South Korea’s Virtual Asset User Protection Act.

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