According to AMBCrypto, Initia halted its layer‑1 network and all associated rollup services after a security incident resulted in a loss of $2.7 million.
The company reported that the incident involved a bridge vulnerability, which prompted immediate suspension of L1 operations and rollup functionality to allow investigation and remediation.
Initia’s response included pausing normal processing on its base layer and all rollup channels while it assessed the breach and implemented security measures.
The event reinforces ongoing concerns about bridge security risks within the ecosystem.
