Initia L1 and rollups back online after security incident, withdrawals rate-limited

Initia reports its L1 and rollups are back online and operational following a security incident, with bridges and exchanges expected to resume transfers later the same day. As a precaution, LayerZero OFT withdrawals for WETH and AUSD0 are set to 24 hours, and Noble USDC withdrawals follow an hourly rate limit. The project says backing for AUSD0, USDC.n and WETH has been fully restored. A full post-mortem on the incident and response is planned for release later this week.

✨ AI summary of the linked source — not editorial content.