Initia halts chain after $615K exploit as INIT price surges over 60%

Initia halted its blockchain after an exploit drained $615K through compromised rollup keys, and investigators are tracing the unauthorized transfers. The INIT token nonetheless surged 61% during the incident, a divergence that traders should treat with caution given the security breach and network shutdown. The halt raises questions about rollup key management and could weigh on confidence in Initia's ecosystem.