Protos reports that Initia, backed by Binance Labs, has experienced two hacking incidents resulting in a total loss of $3.3 million within three weeks. This amount exceeds the chain's remaining total value locked (TVL).
Based on the Protos report; not independently verified.
Source published: Tue, 10 Nov 2026 14:04:16 +0000
[Read the original report](https://protos.com/binance-labs-backed-initia-hacked-again-3-3m-lost-in-three-weeks/)
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