PANews reported on November 10, 2026, that Initia said on X it had coordinated with validators to pause its L1 at 14:18 Beijing time on November 10 as a protective measure.
Initia said it had found unauthorized transfers from custodial accounts that held assets bridged to multiple rollups. Its preliminary investigation indicated that an attacker used compromised rollup infrastructure keys to forge IBC transfers.
A preliminary review by Initia showed that about $605,000 in USDC and $10,000 in other tokens left Initia via Noble before the pause. Most of the remaining assets transferred from the custodial accounts were still on the paused L1.
Initia said it was working with security teams, validators, and exchanges to establish the full scope and would release further details. It warned users to watch for unofficial links and messages.