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MarketPublished by KAS Watch · October 25, 2026

Initia halts blockchain after exploit reportedly drains over $2.6M

The blockchain suspended its layer-1 network and rollups following an exploit involving unauthorized token minting. Security researchers reported that millions in assets were transferred to Ethereum.

Why it matters for the market

Security incidents across various blockchain networks can broadly influence sector-wide market sentiment and liquidity, though direct effects on Kaspa remain speculative.

Original source

Cointelegraph
Source publication · October 23, 2026 · 1 verified source
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InitiaExploitSecurityEthereumMarket
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