On October 25, a hacker used a problem in MoveVM to create fake tokens. The hacker then moved about $2.7 million in AUSD, ETH, and USDC to other blockchains. Initia stopped its blockchain and rollups to find out what happened. The co-founder said that INIT tokens were safe.
Transaction: 0x358eF0130f7A5aA516dCd81Bdc80B18CdE41CAC8