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Not financial advice. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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Initia halts main chain and rollups; co-founder cites MoveVM flaw

19:35, 23 Oct 2026

Initia halted its main chain and rollups on Oct 23 due to an unknown flaw in MoveVM, impairing asset access across the ecosystem. Co-founder Zon estimates ~$2.7m in AUSD/ETH/USDC remaining and says no unauthorized INIT was minted.

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