Story signal · how it spread on X · via Elfa

as of
Spread
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Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
27 accounts

first post
Leviathan +48 min later

INIT reaction
i
Price change from the first post to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
+7.2% 24h after post

$0.1224 → $0.1312
BTC +0.1% same window

Thread · 3 events · 1 mitigation · last update 23 Oct 17:13
  1. First reportInitia chain hacked through infinite token minting, with $2.6 million withdrawn18 acc.
  2. UpdateInitia halts its L1 and rollups after a security incident7 acc.
  3. Leviathan published this article
  4. MitigationAgora freezes AUSD linked to the Initia attacker after a $1.4 million swap2 acc.

All times UTC.

Cited posts

  • @spreekaway SpreekFirst reportOn X ↗

    Initia chain hacked and a bunch of tokens infiniminted. Hacker has cashed out $2.6m thus far with more in flight

  • @cryptounfolded unfolded.On X ↗

    Hacker infinite-mints tokens on Initia Chain, withdraws $2.6 million so far

  • @beincryptoOn X ↗

    ALERT: INITIA CHAIN REPORTEDLY DRAINED OF $2.6M IN INFINITE MINT EXPLOIT Attackers have allegedly cashed out roughly $2.6 million so far, according to initial investigations by on-chain analyst @spreekaway Because some of the exploited funds are still in the process of being…

Show 3 more cited posts
  • @CryptoPatel Crypto PatelOn X ↗

    $2.6M INITIA EXPLOIT? TEAM HALTS THE ENTIRE NETWORK! Initia (@initia) has officially admitted a security incident and halted its L1 and Rollups while investigating. Reports allege an infinite-mint exploit, with an associated wallet holding ~1,102 $ETH worth $2.64M.…

  • @Crypto_Crib_ Crypto CribOn X ↗

    Initia chain reportedly hacked, with $2.6 million cashed out so far. 👀

  • @solidintel_x Solid Intel 📡On X ↗

    INTEL: Initia chain reportedly hacked in an infinite mint exploit, allowing attackers to create unlimited tokens, with $2.6 million allegedly cashed out so far

21 more accounts posted about this · 5 Telegram channels (no public link)

TradersTrader calls tracked by Elfa · not advice

Positioning · INIT

Open4 open positions · 2 long · 2 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 23 Oct 16:06 UTC.

Reaction since the first post

Since 23 Oct 15:27 UTC2 calls opened · 0 long · 2 short

Whole crypto market, not this story

Crowding49th percentile · vs last 28 days, 50 typical
Pulse 24h20/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.4% long · 10,913 accounts

As of 23 Oct 16:10 UTC.

Social-monitoring data, not investment advice Elfa prices CoinGecko post text from Xas of

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