Initia L1 paused, approximately $605,000 USDC and other $10,000 in tokens left via Noble

Odaily reports: According to Initia monitoring, after discovering unauthorized transfers from a escrow account, Initia coordinated with validators to pause the L1 at 14:18 Beijing time on November 10. A preliminary investigation shows that the attacker exploited a compromised Rollup infrastructure key to forge IBC transfers. An initial review shows that before the network was paused, approximately $605,000 USDC and other $10,000 in tokens left Initia via Noble, while most of the remaining assets transferred from the escrow account are still on the paused L1.