Web3 Daily Exploits β 24 Oct 2026: Initia ~$2.7M MoveVM Script Cache Unbacked Mint
Initia L1 and rollups halted after a MoveVM script-caching bug let an attacker spoof VM state and credit unbacked WETH, iUSD and USDC without changing total supplies. ~$2.7M bridged out via LayerZero and CCTP before pause; swapped to 1,135.52 ETH on Ethereum. Official confirmation 24 Oct. Live loss ~$2.7M, 1 incident, 2 chains. Kimchi Solana KOL note and DarkSword iOS alert as UPDATE.





















