to the best of our knowledge so far, this is a Day 0 bug related to Initia's MoveVM on CosmosSDK that allowed the exploiter to mint…

First reported Oct 23, 2026, 16:22 UTC

Source reports

to the best of our knowledge so far, this is a Day 0 bug related to Initia's MoveVM on CosmosSDK that allowed the exploiter to mint additional tokens on the Initia L1 but does not apply to native INIT tokens. the attacker was able to mint and bridge out ~$2.7m worth of AUSD… — @ItsAlwaysZonny (X), Oct 23, 2026, 16:22 UTC

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