# 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.

- Published: 2026-11-08T05:54:51.727Z
- Canonical: https://polylog.news/crypto/2026-11-08/security-roundup-initia-s-token-mints-traced-to-a-reported-m
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Rekt News](https://www.rekt.news/), [Cointelegraph](https://cointelegraph.com/news/initia-halts-blockchain-exploit-drained), [DEV Community (Panda Security)](https://dev.to/pandasecurity/initia-exploit-a-movevm-cache-bug-emptied-its-bridges-2ij1), [AMBCrypto](https://ambcrypto.com/initia-halts-l1-and-rollups-after-2-7-million-exploit-what-happened/), [The Cryptonomist](https://en.cryptonomist.ch/2026/10/24/initia-exploit-ausd-stablecoin/), [Polylog editors](https://polylog.news)

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…

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