Initia halts network after security incident as attacker reportedly mints tokens

Initia has halted its network following a security incident in which an attacker reportedly minted tokens. Onchain data shows a $2.7 million ether transfer as the team investigates the scope of the breach. A chain halt plus unauthorized minting and a seven-figure ETH movement raise concerns about token supply integrity and user funds, which traders will watch closely for contagion or recovery plans.