A stale script cache in @initia MoveVM let forged balances out over LayerZero and CCTP, and real reserves paid out about $2.73 million…

First reported Oct 28, 2026, 15:21 UTC

Source reports

A stale script cache in @initia MoveVM let forged balances out over LayerZero and CCTP, and real reserves paid out about $2.73 million before the halt. The @initiaFDN has approved funding to restore backing. The next test is delivery. https://rekt.news/initia-rekt — @RektHQ (X), Oct 28, 2026, 15:21 UTC

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