Initia hack drove its USDC bridge reserve down to $63 as withdrawals failed

CryptoSlate · Sun, 25 Oct 2026 19:45:11 GMT

Hype 12/100 · Market impact 15/100 · Breaking 45/100

Tags: USDC

Bitquery attributed failed withdrawals from Initia balances to depleted backing, while the Initia project outlined a patch and said recovery work was ongoing.

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