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Initia Network Halted After Security Incident; Upbit Suspends Trading

Initia Network Halted After Security Incident; Upbit Suspends Trading

First seen 26 Oct 2026, 13:12 UTC • •
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ThreatCluster AI
ThreatCluster •October 26, 2026 at 15:12 UTC
  • •Initia's layer-1 network and rollups were halted due to a security incident on October 23.
  • •Upbit has suspended trading of the INIT token, warning users of potential risks.
  • •Agora confirmed that its AUSD token is unaffected by the incident on Initia.

Initia halted its layer-1 network and rollups on October 23, 2026, due to a security incident, with ongoing investigations into the scope of the impact. South Korean exchange Upbit temporarily suspended deposits and withdrawals for the INIT token, warning users of potential harm. The incident reportedly involves a hacking or security breach, but specific details about the attack vector or losses have not been disclosed. As of October 26, Upbit has placed INIT under trading caution but has not provided a timeline for resuming services. Agora, a stablecoin issuer, confirmed that its AUSD token was not minted on Initia, although a third-party product using AUSD on Ethereum was affected. The situation remains fluid, with Initia urging users to remain cautious of unofficial communications.

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Timeline

2026-10-23
Initia halts network due to security incident
Initia stopped its layer-1 network and rollups at 15:41:30 UTC to investigate a security breach.
Coinmarketcap
2026-10-23
Upbit suspends INIT deposits and withdrawals
Upbit temporarily halted trading of INIT due to a security incident, warning users of potential harm.
Tokenpost
2026-10-26
Upbit flags INIT for trading caution
Upbit issued a notice describing the ongoing security incident and the suspension of trading activities.
Tokenpost

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Common questions

What caused the security incident?
The exact cause of the security incident has not been disclosed by Initia.
When will Upbit resume trading for INIT?
Upbit has not provided a specific date for when trading services for INIT will resume.
Is my investment in INIT at risk?
Yes, users are advised to exercise caution due to the ongoing security incident and trading suspension.