Morning Edition · Sunday, November 8, 2026Published at 12:54 AM EST · New York

Security roundup: Initia's token mints traced to a reported MoveVM cache flaw, and a Paris court jails a developer over a 1 billion token mint

Both cases involve unauthorized minting, one through a reported virtual-machine bug that let an attacker credit itself with unbacked assets, the other through a developer who created and diverted tokens valued at 12.5 million euros.

Rekt News has published its account of the October 23 exploit on Initia, a layer-1 chain with its own rollups. Initia halted the layer-1 chain and its rollups after an attacker minted unbacked tokens and moved funds to Ethereum. Estimates o…