On November 10, 2026, PANews reported that Initia said on X it had paused the Initia L1 at 14:18 Beijing time that day, in coordination with validators, as a protective measure.
Initia said it had found unauthorized transfers from custodial accounts that held assets bridged to multiple rollups. A preliminary investigation, as described by Initia, indicated that an attacker used compromised rollup infrastructure keys to forge IBC transfers.
Initia’s preliminary review put the amount that left Initia via Noble before the pause at about $605,000 in USDC and another $10,000 in other tokens. It said most of the remaining assets moved from those custodial accounts were still on the paused L1.
As of that report, Initia was working with security teams, validators, and exchanges to establish the full picture, and said it would publish more detail later. It also warned users to be wary of unofficial links and messages.
This is an incident notice, not evidence of restored service or of how far the compromise reached. The pause, the forged IBC transfers, and the split between funds that left via Noble and funds still on the halted L1 are all as Initia described them at the time; later findings were not in this report.
Original report: PANews, November 10, 2026.