After Initia Attack, Upbit and Bithumb Suspend INIT Deposits and Withdrawals and Issue Warning

October 24: According to official announcements, South Korean crypto exchanges Upbit and Bithumb have suspended deposits and withdrawals of Initia (INIT) and issued an investment warning (유의 촉구) for INIT. Upbit's announcement said that on October 24 it confirmed a suspected security issue on the Initia chain, that INIT price volatility may increase, and reminded holders to trade cautiously. Previously, Initia officially announced the suspension of L1 and its Rollup operations due to a security incident; security researcher Spreek said attackers minted additional tokens through a vulnerability and have cashed out about $2.6 million.