According to AMBCrypto, Initia halted its Layer 1 network and associated rollup services after a security incident that resulted in a loss of $2.7 million.
The incident involved a bridge vulnerability that allowed an attacker to extract funds. Initia’s response included shutting down the L1 platform and all rollup implementations to contain the issue and initiate an investigation.
This outage follows earlier concerns about bridge security weaknesses, underscoring ongoing challenges in securing cross‑chain infrastructure.
