Initia Foundation Approves Funding to Cover iUSD Collateral Shortfall

On October 28, Initia officials announced that with the support of the Initia Foundation, the 1:1 asset backing for assets affected in the October 23 security incident will be fully restored once the chain resumes operation. The Initia Foundation has approved funding to cover the reserve shortfall for Noble USDC, WETH, and AUSD0 serving as collateral for iUSD, involving up to 1.08 million USDC, 105 ETH, and 1.4 million AUSD0 respectively. The exact amounts remain subject to verification and await final transfer approval.