Initia chain suspected of being attacked, hacker has cashed out approximately $2.6 million

Odaily reports that security analyst Spreek has stated that the Initia chain is suspected to have been attacked, with the attacker exploiting a vulnerability to infinitely mint multiple tokens. As of now, the hacker has cashed out approximately $2.6 million, with more funds still in the process of being transferred. The scope of the attack's impact and the final losses are not yet clear.