🇰🇷 | OG & Ambassador @initia | Crypto researcher & lover
Nothing in your way
Joined December 2017
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KillChain 🪢 retweeted
Strat is planned to resume operations on Monday, Nov 2nd.
As announced before:
- Profits were retained & losing positions were closed, with losses covered based on PnL at the chain halt
- Prop accounts will remain active, and eval fees will be reimbursed
Thank you for your patience and understanding.
Strat is aware of the situation on Initia and has halted the Strat Network as a precaution. Trading and app functionality have been paused.
All positions will be closed and accounts settled accordingly at the time of network halt (Oct 23, 2026, 3:45:17 PM UTC).
Profitable positions will retain their profits, while positions with negative PnL will be closed and zeroed out, with the Strat team covering the losses.
Evaluations and Funded accounts will remain active, with evaluation fees being reimbursed.
We are monitoring the situation and hope to resume operations as soon as possible.
Initia Loading...
$INIT
The Initia L1 and rollups are planned to resume operations on Monday, November 2, 2026.
The chain upgrade will apply the independently audited MoveVM patch, isolate the attacker’s remaining forged balances, and enable additional security measures without rolling back transaction history.
The backing of AUSD0, USDC.n and WETH will be fully restored before the restart and no user action is required. Additionally, to protect users and liquidity providers, the Initia DEX will begin paused for a brief window while a designated account rebalances the pools toward market prices. Any profits from rebalancing will be returned to the affected liquidity providers.
Bridges and exchanges are expected to resume transfers after the network has been monitored. Out of an abundance of caution, withdrawal times for LayerZero OFTs WETH and AUSD0 will be set to 24h.
We will provide additional communication on Monday when the network is fully live, operational, and ready for use. Thank you for your patience. Please remain cautious of unofficial links, messages, or claims.
KillChain 🪢 retweeted
Hey Interwoven!
Open the Door!!
$INIT
Hey Interwoven!
Open the Door!!
$INIT
KillChain 🪢 retweeted
Initia Foundation has approved funding to fully restore the 1:1 backing for affected Noble USDC, WETH, and AUSD0 held as iUSD collateral.
Funding will cover verified shortfalls up to 1.08M USDC, 105 ETH, and 1.4M AUSD0 following reconciliation and final transfer approval.
KillChain 🪢 retweeted
A security fix to patch the identified vulnerability from October 23rd has been drafted and is currently under audit with security partners.
Once the audits are completed, we will provide concrete plans for restoring the backing of affected assets and the orderly restart of the Initia L1 and Rollup networks.
We expect to complete this process in the coming days.
Thank you for your patience, and please remain cautious of unofficial links, messages, or claims.
KillChain 🪢 retweeted
At 14:59 UTC on October 23rd, an attacker exploited a bug in Initia MoveVM’s script caching that allowed malicious code to bypass security checks. The attacker artificially spoofed the MoveVM state, thereby crediting themselves with unbacked WETH, iUSD, and USDC tokens without changing the corresponding token’s total supply. No native INIT was minted, and the total INIT supply is unaffected.
Before the network was halted, the attacker bridged out roughly $2.7M, comprising of 105 WETH and ~1.4M AUSD0 via LayerZero along with ~1.08M USDC via Noble and CCTP. The tokens were swapped for 1,135.52 ETH and currently sit in 0x358ef0130f7a5aa516dcd81bdc80b18cde41cac8 on Ethereum Mainnet.
We are actively working on a security fix to patch the identified vulnerability. We expect this to be completed and audited in a few days. Additionally, asset recovery efforts are ongoing with the help of security partners.
The Initia L1 and Rollups remain halted as we work toward a resolution. We hope to safely resume network operations as soon as possible and will provide a full post-mortem once available. In the meantime, we will continue to share verified updates through our official channels.
Please remain cautious of unofficial links, messages, or claims.
KillChain 🪢 retweeted
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, ETH, and USDC before the chain was paused.
As of Oct 23, 2026, 3:41:30 PM UTC, the Initia L1 and Rollups have been halted due to a security incident.
Our team is actively investigating the situation and working to establish the full scope of any impact with security teams, validators, and exchanges.
We will share verified information through our official channels as it becomes available.
Please remain cautious of unofficial links, messages, or claims circulating during this time.
KillChain 🪢 retweeted
Yominet is the largest briber on @CabalFDN this epoch
Why?
Because this bribe of $1670 translates to ~$20k in esINIT awards for our players. That's 12x leverage. We get to crank up emissions in Kamigotchi World on @initia's (token) tab
So we're making it rain. We getting $INIT
yominet has increased its VIP commission on @initia from 10 -> 20%
why? because we are going to turn around and use it all to bribe for more votes and get our users more initia:native
this is part of our ongoing effort to reward our users and support Kamigotchi World's economy
KillChain 🪢 retweeted
Opinion : Web3 games aren't fun if they don't make money
This doesn’t only apply to games.
Even with TCGs, the moment that brings the most joy and the biggest dopamine hit is when a high-value card comes out of a pack.
The era of playing games purely for fun is long gone.
This isn’t limited to Web3. Even in Web2 games today, many people start playing after calculating the value of items and the potential earnings they can generate (not just mobile games, but PC MMORPGs as well).
In my case too, if there’s no profit, I don’t even try to take interest. Only when there’s profit do communities become interested. That’s how players gather, guilds are formed, and people combine their ideas to build strategies and playstyles.
Can we really play games purely for fun, without thinking about value, like we did when we first played games as kids?
I think the answer is NO.
For me, the real enjoyment in games comes from researching strategies together with community members and playing according to those strategies.
The most satisfying moment is when everything goes as planned and generates significant profits.
What about you?
Can you still enjoy playing Web3 games even if there’s no profit?
KillChain 🪢 retweeted
| Glyph Universe explained by Jessie nitter.cf/i/broadcasts/1rGmqpynV…
Is Initia finally launching something that aligns with the AI trend?!
We are hiring for a regional lead in LATAM for our [redacted] project @init_ai
Link to JD + and instructions on how to apply can be found here:
app.notion.com/p/initia-xyz/…
KillChain 🪢 retweeted
hi mr. mosby,
the initia team has been running an experiment -> incubate -> scale playbook across a few categories both in crypto and AI
Claude has made the "experiment" step much faster, so we've built tons of MVPs and scrapped many
if we like something, we move to "incubate". we put together a team to build out the business, typically a mix between initia contributors and external folks who have a particular passion or strength for that business
some of the public incubations:
@TradeOnStrat: full-stack prop trading, best terms in the market
@init_ai: undisclosed humanoid project
@GlyphUniverseAI: write a prompt to fight others
@usebetbot: bet on tickers on the TL
along with a handful more that remain [redacted]
now all of these are relatively new, having been launched just a month or so ago. Yet some of them are showing signs of traction from metrics and user feedback.
for those that do (like Strat) we now begin the arduous task of "scaling" the business aided by our treasury
you might notice, not all of these are appchains... we still believe they lead to highest value capture but have drawbacks on distribution if you don't have it already
Each incubation has a path to using initia infra if certain metrics are hit and all of them will have a portion of rev flow back to initia.
in terms of the core initia infra business line, we continue to make product improvements, will have some tokenomics updates, and have a couple more onchain game clients coming online
ultimately, I believe dogfooding the infra through incubations yields the highest chance of winning overall, so that's where we're focused
