On November 10, 2026, Foresight News reported that Initia had paused block production on its L1 at 14:18 Beijing time, in coordination with validators. Initia described the pause as a protective measure after detecting unauthorized transfers from an L1 custody account holding assets bridged to multiple Rollups.
According to Initia’s preliminary investigation, an attacker used a compromised Rollup infrastructure key to forge IBC transfers. About 605,000 USDC left Initia via Noble, along with approximately $10,000 in other tokens. Initia said most of the account’s remaining assets were still on the paused L1. The team was working with security teams, validators and exchanges to determine the full impact.
The reported transfers show a risk at the boundary between Rollup infrastructure and assets held on L1; the full extent of the incident had not been established at the time of the report.
Original report, published November 10, 2026 at 15:23 Beijing time.