Initia Foundation Approves Capital Injection to Fully Restore Peg of Assets Affected by October 23 Security Incident

October 28 — According to Initia, the Initia Foundation has approved a capital injection to fully restore the 1:1 peg of Noble USDC, WETH and AUSD0 held as iUSD collateral. These assets were affected by the October 23 security incident. The injection will cover verified shortfalls, capped at 1.08 million USDC, 105 ETH and 1.4 million AUSD0, and will be executed after reconciliation is completed and final transfer approval is obtained. Initia said the peg will be fully restored when the chain resumes operation. Initia previously disclosed that the security fix for the vulnerability has been drafted and is being audited by a security partner.