Initia halts its L1 and rollups after a MoveVM mint bug lets an attacker bridge out about $2.7M ยท updates https://pwn.watch/i/initia-movevm-infinite-mint-exploit-oct-2026 On Oct 23 2026 an attacker abused a previously unknown MoveVM / Cosmos SDK bug on Initia to mint about 2 million unbacked AUSD and bridge roughly 1.4M AUSD, 105 ETH and 1.08M USDC to Ethereum, about $2.65M to $2.73M. Initia halted the L1 and its rollups at 15:41:30 UTC. Native INIT was not affected. No fix, post-mortem or restart date had been published at the time. en Fri, 23 Oct 2026 00:00:00 GMT Initia halts its L1 and rollups after a MoveVM mint bug lets an attacker bridge out about $2.7M: Attacker mints unbacked AUSD via a MoveVM bug and bridges ~$2.7M to Ethereum; Initia halts the L1 and rollups at 15:41:30 UTC. https://pwn.watch/i/initia-movevm-infinite-mint-exploit-oct-2026 https://pwn.watch/i/initia-movevm-infinite-mint-exploit-oct-2026#2026-10-23-263ba8ff Fri, 23 Oct 2026 00:00:00 GMT high <p><a href="https://www.0xcert.com/advisory/0xCERT-2026-0267">Source</a></p>