Hacker mints tokens on Initia Chain, cashes out about $2.6 million

Somebody found the money printer on Initia Chain. Then they used it. On October 23, 2026, an unauthorized actor carried out what blockchain security researcher Spreek described as an “infinimint” exploit on Initia, the modular layer one blockchain built around interwoven rollups. By the time the first reports surfaced, the attacker had reportedly converted around $2.6 million worth of freshly minted assets, and more was expected to move. What happened on Initia An infinimint exploit is what it sounds like. The attacker gained the ability to mint tokens with no cap, then swapped those tokens for assets that held real value. The damage comes when they get swapped into something real before markets catch on. Spreek flagged the activity publicly, and the minting operations tied to the exploit were confirmed through a transaction visible on the official Initia explorer. The attacker had cashed out approximately $2.6 million by the time of reporting, with additional assets still in transit. Initia had not issued an official response or detailed breakdown of the incident as of the initial reports. A young chain with serious backing Initia’s mainnet launched in 2025, along with its native ...