Initia said an attacker stole about $3.27 million in crypto assets after compromising its cloud infrastructure, its second reported exploit in less than three weeks. The company said the attacker used a compromised Google Cloud Platform key to gain access, then validated fraudulent withdrawals from five rollups, releasing assets held in escrow.
Initia said about $2.16 million of the stolen assets remain frozen on its halted network. It halted the network and said it intends to restore the backing of affected assets; recovery efforts are ongoing. Initia said no INIT tokens were withdrawn.
