Initia exploit mints tokens and bridges out $2.7 million with no restart date

Initia suffered an exploit in which an attacker minted tokens and bridged out roughly $2.7 million, and the chain has no announced restart date. Co-founder Zon's preliminary assessment points to a flaw in MoveVM, while D2 Finance traced the payouts to LayerZero adapters on Ethereum. The incident pressures INIT holders and raises fresh questions about cross-chain bridge and VM security for traders holding similar assets.