Initia restarts network after suffering approximately $2.7M in losses from an exploit

AI-assisted source summary · not independently verified. Content standards

Initia has restarted after being offline for more than 9 days due to a MoveVM vulnerability, with the Layer-1 blockchain and its rollups resuming transaction processing. Transfers via cross-chain bridges and trading platforms will resume in stages, while withdrawals of some assets are subject to processing windows or hourly limits; the upgrade applied an independently audited MoveVM patch, and the Initia Foundation covered the losses from the stolen assets.