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Initia hack drove its USDC bridge reserve down to $63 as withdrawals failed

CryptoSlate
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Initia hack drove its USDC bridge reserve down to $63 as withdrawals failed

Bitquery linked failed exits to depleted backing for Initia balances as the project outlined a patch and ongoing recovery work. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Key Takeaways

  1. Bitquery linked failed exits to depleted backing for Initia balances as the project outlined a patch and ongoing recovery work.
  2. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
  3. Get The Catalyst in your inbox
Read Full Article on CryptoSlate

Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.