Initia says second exploit in 3 weeks drained $3.27 million
In short
Initia said an attacker used compromised cloud credentials to move $3.27 million in crypto assets. About $2.16 million is still frozen on its halted network.
The attack is the second exploit on the project in three weeks, which raises concern for users and funds tied to the network.
What the reporting says
Initia said an attacker exploited compromised cloud credentials to move $3.27 million in crypto assets, with about $2.16 million remaining frozen on its halted network. The latest attack is the second exploit in three weeks. The report ties the loss to compromised credentials and notes that part of the funds was still frozen.
Why it matters
Initia said an attacker used compromised cloud credentials to move $3.27 million in crypto assets, while about $2.16 million remained frozen on its halted network. The update also says this was the second exploit in three weeks.