Initia 🪢

The Initia team is investigating an issue affecting rollup infrastructure. The team has coordinated with rollups to pause temporarily.

We have not identified any impact to user funds and we hope rollups will resume producing blocks soon.

The Initia L1 remains live and operational with some services like Initia Scan having degraded performance.

The Initia L1 and rollups are now online and operational.

Thank you for your trust and patience. We are so back.

The Initia L1 and rollups are planned to resume operations on Monday, November 2, 2026.

The chain upgrade will apply the independently audited MoveVM patch, isolate the attacker’s remaining forged balances, and enable additional security measures without rolling back transaction history.

The backing of AUSD0, USDC.n and WETH will be fully restored before the restart and no user action is required. Additionally, to protect users and liquidity providers, the Initia DEX will begin paused for a brief window while a designated account rebalances the pools toward market prices. Any profits from rebalancing will be returned to the affected liquidity providers.

Bridges and exchanges are expected to resume transfers after the network has been monitored. Out of an abundance of caution, withdrawal times for LayerZero OFTs WETH and AUSD0 will be set to 24h.

We will provide additional communication on Monday when the network is fully live, operational, and ready for use. Thank you for your patience. Please remain cautious of unofficial links, messages, or claims.

With the help of the Initia Foundation, the backing of affected assets from the October 23rd security incident will be fully restored when the chain is resumed.

A security fix to patch the identified vulnerability from October 23rd has been drafted and is currently under audit with security partners.

Once the audits are completed, we will provide concrete plans for restoring the backing of affected assets and the orderly restart of the Initia L1 and Rollup networks.

We expect to complete this process in the coming days.

Thank you for your patience, and please remain cautious of unofficial links, messages, or claims.