Initia has confirmed a second security exploit within three weeks, with an attacker stealing approximately $3.27 million in crypto assets. The breach occurred due to compromised cloud credentials, allowing unauthorized access to Initia's infrastructure. Of the stolen assets, about $2.16 million remains frozen on the halted network. The attacker executed a command injection attack, validating fraudulent withdrawals from five rollups. Initia halted its layer-1 blockchain on November 8, 2026, and is currently working with law enforcement on recovery efforts.