Initia is back after more than nine days offline over a $2.7M exploit

Crypto Insight Summary: Initia is back online per an early Monday announcement confirming that its layer-1 blockchain and rollups are processing transactions once again, writing that “the Initia L1 and rollups are now online and operational.” The network restart ends an over-nine-day halt initiated by the project on October 23 after attackers exploited a flaw in its MoveVM,... Crypto Insight Analysis: Direction: Bearish INITIA Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: The exploit and nine-day outage hurt INITIA sentiment but are too isolated to affect the broader crypto market.