Initia confirms second exploit in under three weeks after $3.27 million theft
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Initia said Wednesday that an attacker used a compromised Google Cloud key in a Monday command-injection breach to steal about $3.27 million via fraudulent IBC withdrawals from five Anvil rollups. About $2.16 million remains frozen on the halted layer-1. The attacker sold assets and took 13,400 TIA, 8,000 USDC.inj and 597,000 Noble USDC. Initia halted the network Tuesday and is pursuing recovery with partners after an Oct. 23 exploit that drained about $2.7 million.
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