Initia says a security fix addressing the October 23 vulnerability has been drafted and is now being audited by its security partners. Once audits are finished, the project intends to share concrete plans for restoring the backing of affected assets and for an orderly restart of the Initia L1 and Rollup networks. The company expects the process to be completed in the coming days. It also warns users to remain cautious of unofficial links, messages, or claims while the situation is resolved.

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Story signal · how it spread on X · via Elfa

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Related on X Initia halts its L1 and rollups after a security incident · 11 accounts · first post

TradersTrader calls tracked by Elfa · not advice

Positioning

Open5 open positions · 2 long · 3 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 23 Oct 22:24 UTC.

Whole crypto market, not this story

Crowding0th percentile · vs last 28 days, 50 typical
Pulse 24h46/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.0% long · 10,748 accounts

As of 27 Oct 11:30 UTC.

Social-monitoring data, not investment advice Elfaas of

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